I do not believe that the state should have any involvement in matters operational to the economy, bar law ofcourse. The Capitalist party should create a mandate around the dismantlement of thew reservebank as far as possible from any form of trade involvement, or any role in it powerful enough to intervene into a free market. I understand the minimalist role it can play in terms of governance, but even the supply of money should not be dictated by any mandate or agenda.
Personally I would aim to debate a longer term role of a publicly owned reserve bank, to be more along the lines of the world bank. Using data to analyse trends and economic activity. There are legal roles to be played yes, a sort of policing entity to make sure producers of money or resource enablers are doping so to a standard. This standard I would suggest follow a mineral standard like gold. Yes it seems archaic, but it will pave the way for the the international standardisation of money and resources. I believe with technology, governmental borders will soon become obsolete. People will trade their time or products for for a standard. I suggest this standard is gold. Gold can then be converted into practically any privately or publicly owned currency. Think among the lines where trade can be achieved digitally through an app, or a currency. The bridge will need to be maintained in my opinion as a gold standard. We all know how fictitious currencies can be devalued in an instance. We can at anytime revise a mineral resource based currecny, for example upon the initiation of economic trade in our solar system. Gold might turn out to not be as scarce, and we can with minimum intervention into trade, create a different standard. Borders will eventually become obsolete in my opinion. Free trade will happen.
This is what we need to be planning for. We need to create a mandate towards the absolute liberalisation of trade among law abiding citizens (minimalising law is another chapter altogether). Plan how we can practically and peacefully transition by reducing unnecessary state involvement, where additional problems can be created. We need to dismantle the reach of its power. It might still be valuable, but powerful it should not.
I think the mandate of the reserve bank, or I would rather call it "the currency bureau" or something of the sorts, needs to be aligned towards the liberalisation of the free market. I am not blind for the additional requirements which might be required to full fill this mandate, but this should only become a valid suggestion once free market forces allow others to take corrupted advantage of, or seek power over the rest of society. I can for instance see the need to dismantle certain cartels or price fixing considering the same, but this should only be done where the liberties or resources of others are being exploited beyond a certain pre-established rule or law. I am open for debate on these. A minimalistic framework should be the ideal. When stabilisation is reached, longer term actions can be implemented, based on information and trends set by the free market.
Give the free market, or rather potential participants to the free market, the information and ability to see future trends, and evolve our economies accordingly. Many market players have their own teams of researchers for sure, but no one can afford to be doing research outside their own industries. This should be the only place involvement is required. No decision making is required,. only convincing the market, through statistical information, to act in ways beneficial to itself. Being able to do this effectively, could be a way of funding this endeavour privately, as the private sector will be able to buy the strategic services and information from this department.
The mandate of the reserve bank could easily in my mind be incorporated into the finance ministry, by giving it lawful powers to govern currencies, as well as engage in trade with the private sector, to privately fund and improve our economies.