Letters | 4 April 2013

Quantitative ease

Sir: Unlike Louise Cooper (‘The great savings robbery’, 30 March), I don’t have a problem with inflation or quantitative easing. It’s the perfect tax: painless, easy to collect and fair. It’s painless because after having been collected you still have the proverbial pound in your pocket. OK, it’s worth less — but as Louise points out, we don’t really notice. Easy to collect, just order a new batch of twenties from the printers and put the prices up in the shop. And everybody pays exactly the same percentage, and so the relative difference between rich and poor remains the same.
Tom Roberts
Derby

 
Sir: According to the legend, Fortunatus (he of the bottomless purse) was born in Famagusta. How times change! And isn’t it appropriate that the Governor of the Bank of Cyprus is called Panicos?
Peter Kitson
Stoke Prior, Worcestershire

The meaning of Easter

Sir: It was disappointing it was to find that your leading article (30 March) was devoted to another lament for those who want to still ‘the moving hand of time’.