Gold standard
Randolph Murray's comment (Letters, 18 March) is based on the false premise that a free market is the cause of boom-and-bust and that greater regulation is the key to avoiding this cycle.
It is indeed true "that the present financial structures which rule us all are no longer fit for purpose, and so need urgently to be replaced" but what is required is the scrapping of central banks worldwide and a return to an objective standard that does not allow reckless spending and currency issue: gold.
It is intervention in the money supply, most often by means of a central bank, that is the cause of the infamous boom-and-bust cycle and increasing the level of market regulation is simply going to lead to bust-and-bust.
BRUCE CRICHTON
Victoria Road
Falkirk