Anthony J Evans, a senior fellow of the Adam Smith Institute, has written for Conservative Home on his latest paper Sound Money.
Should we expect policymakers to be any more successful at planning the monetary system than they are at planning other parts of the economy?Many economists fail to consider this question, so it should be little surprise that elected MPs, civil servants, and the general public have a blind spot on the issue. But the 2008 financial crisis has made matters of monetary policy highly pertinent, and there is plenty of room for improvement.
Today the Adam Smith Institute have published my new policy paper, “Sound Money: An Austrian proposal for free banking, NGDP targets, and OMO reforms”. It is a comprehensive plea for more radical thinking at the Bank of England.