New ASI paper Sound Money features on the front page of City AM

The Adam Smith Institute's latest paper "Sound Money" has featured on the front page of City AM.

A leading free market group has proposed scrapping the Bank of England’s Monetary Policy Committee (MPC) and replacing it with a rule that would trigger policy action.

In a radical new paper out today that is likely to raise eyebrows among many economists and policymakers, the Adam Smith Institute (ASI) says the Bank should get rid of the MPC, use quantitative easing (QE) instead of interest rates to conduct normal monetary policy, and abandon the existing inflation target in favour of targeting nominal Gross Domestic Product (GDP), instead.

Read the full article here.