RAPID RESPONSES
Damaged goods
[Re: Don’t blame the Depression on the gold standard, yesterday]
George Selgin writes that there can be no question of a credible government-backed gold standard without public confidence in governments’ monetary promises. But that also applies to government-sponsored paper money. The failure of both is a lesson that we should get governments out of the money business altogether.
Edward Harris
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Artistic malaise
[Re: Universities can be powerhouses of UK innovation, yesterday]
Encouraging business and universities to collaborate more closely clearly will benefit the economy, but not all learning can and will have a direct link to business. There are benefits to encouraging arts and humanities and there is a danger that their apparent lack of financial value will lead to a view that they offer no social benefit
Emma Davey