His study, published in October, recommended devolving the allocation of central funds from government to regions via Local Enterprise Partnerships (LEP).

BBC: Plan to boost Birmingham economy given go-ahead

His report - No Stone Unturned - was published last November and it advocated using Local Enterprise Partnerships to decide the allocation of central funding to projects.

BBC: Heseltine: Ministers back economic growth plan

He is now richer, the apple grower is now poorer, and the economy is worse off due to the central bank having distorted the natural allocation of value created through free interactions in the market.

FORBES: Value Destroyers Like Bernanke Fancy Themselves Magician Economists

Central bankers and hedge funders are only putting a small allocation into gold as a hedge or alternative reserve.

FORBES: Fed Should Sell Some Gold To Prevent 'Run On The Bank'