Letter: Banks' old tricks

The answer to the problem posed by Peter Jones, "Who should wield most power over your pound?" (Perspective, 22 February) is elementary: scrap central banks and all forms of political intervention in the money supply.

Central banks are a nationalisation of the money supply and are a key plank of the Communist Manifesto. Their function is to expand the currency and fund big government, and who can deny that they have carried out this function?

What is currently called "quantitative easing" is, in fact, the old trick known properly as inflation.

Inflation is an unjustified expansion of the currency and has the effect both of causing prices to soar and redistributing wealth to create class war and bolster the government's power base.

Bruce Crichton

Victoria Road

Falkirk, Stirlingshire