SIR – What with Ron Harding’s letter (T&A, February 21) and his continuing support of his like-minded fellow correspondent C Hindle, I feel to be on a ‘harding’ to nothing, infantile pun intended.

But who is he to say when a debate had run its course? Surely, sir, that is your prerogative and you might exercise it and not publish, perhaps, my last words on money creation.

Wealth is created, to a large part, through dealings in fiat money created by the Bank of England and other authorised enterprises, which do not include the high street banks.

Philip Bird, Nab Wood Terrace, Shipley

  • Editor’s note: This correspondence IS now closed.