From Mr Sidney August Cammeresi, IV.

Sir, Central banking, an institution Michael Diekmann praises ("The
swing to the state must not go too far", December 22), is at the heart
of most of our economic problems, both now and past. But regardless of
central banking's efficacy, an important question to ask regarding that
institution is: Why is it moral and just for a government to inflate
away my wealth, to slowly and stealthily destroy the value of my money,
to confiscate the property that is mine by right, and to give it as loot
to enterprises that are self-admitted failures?

If more people realise the evil inherent in central banking and support
a return to banking based on objective standards instead of the whims
of bureaucrats, the world will see economic growth on a scale not seen
for a century.

Sidney August Cammeresi, IV,
Lilydale, MN, US