Douglas Carswell MP has proposed  a very sensible, potent monetary reform. Instead of forcing people to use pounds sterling through legal tender laws and the like, he wants to open up the system to competition from other currencies from around the world:
He told the BBC News website: "The government should not have a monopoly to decide what currency there is to spend.
"It would be perfectly possible for people to shop around."
Mr Carswell argues that making a basket of currencies legal tender would deter the government from further quantitative easing - or "printing money" - which effectively reduces its value.
The backbench MP argues that successive British governments have devalued the pound "in order to transfer wealth from the people to the government", and allowing citizens to shop around for currency would hand power back to them.
A step in the right direction, and remarkable for someone prominent like Carswell to put forward. (We can add him to the Hayek Club of people promoting Hayekian reforms.) Apart from the macroeconomic havoc that inflation creates by knocking relative prices out of whack and fooling the market into building, say, too many houses, it's also a stealth tax on savings. Making it easier for people to switch to something else would be welcome, though best of all would be to repeal legal tender laws in their current form altogether, so people could use whatever they want (be it gold, Tesco Clubcard points, or something nobody's tried yet).