Time to adopt Keynesian economics – like Mrs Thatcher in the 1980s

Like the Bourbons, lefties, whether Labour or SNP, public sector or not, learn nothing and forget nothing (Letters, December 1 and 2).

For them, it's the bankers and capitalism that have caused the current mess and the forthcoming slump when the euro collapses, probably before Christmas. Granted, some bankers (but not those in Australia, Canada, Switzerland, the Far East, Scandinavia, nor, indeed, the majority in the UK) have behaved in a deplorable fashion with their financial conjuring tricks. But without (nationalised!) easy money and credit, low interest rates and confused public regulation, particularly in the UK, US and euroland, their capacity recklessly to pursue short-term profit would have been severely curtailed.

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