Britain should focus on stable inflation and stable money

Prof. Tim Congdon talks to the Today Programme

Tim Congdon, IEA Fellow, debates a proposal to increase quantitative easing and drive down the value of the Pound. He argues that Britain has a comparative advantage in investment and financial services, and we should reap the benefits of this, rather than risk inflation by devaluing the Pound. 

Listen to the interview here. (Segment starts at 52.40)