Ten plans for financial reform

Since The Cobden Centre was established by original founder Toby Baxendale, Dr Tim Evans, Dr Anthony J Evans and the author, we have assembled ten plans for financial reform which promise to deliver honest money and social progress. These are set out below.

There is today little doubt that the economic, fiscal and monetary crisis through which we are living was caused by the financial system. It turned out boom and bust had not been ended: we found we had been living on credit in a long unsustainable boom. Some of the flaws in the financial system have been pointed out on this site: in short, government intervention and flawed modern financial theory came together in a catastrophic mix.

Contemporary mainstream debate appears to neglect 200 years and more of monetary history, with an assumption that staying within the status quo is the only option. However, the Currency School vs Banking School debate and the Bullionist v Anti Bullionist Controversy were not, it seems, finally settled.

The Cobden Centre’s staff, fellows and board members have differing views on these plans. They are presented as competing routes to better banking and a more stable, sustainable and responsible system of social cooperation in the general interest.

For further information, please see our literature.

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This post is taken from Mises, The Theory of Money and Credit...
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6 replies on “Ten plans for financial reform”
  1. says: Andrew Westlake

    This is an excellent list, but the glaring omissions include:

    The Case for Genuine Gold Dollar:

    Rothbard on Fractional-Reserve Banking a Critique:

    to name just two.

    All of the logic against the fiat dollar applies to the fiat Pound Sterling by extension.

    There is no reason why we need a state to administer and supply the money that we use; this is the fundamental error that people make, based on adherence to tradition rather than sound reasoning.

  2. says: J Sky

    I’d be very interested to learn MP Baker and colleagues’ views on “The Proposed Bank of England Act”, http://www.bankofenglandact.co.uk/
    which I gather is based on the writings of Prof. Joseph Huber. Does this capture the essence of the Cobden Centre’s agenda?

    1. J Sky, we have no agenda other than to promote honest money and other project that we have not even covered off yet, so we have a broad array of views about how to get to honest money. The web site your link to in the above is fine, I would not support as I seek to get the State totally out of any control of our money; their site would like to see the State firmly in control, albeit with a much better system in place.

      Thank you for your comments.

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