From Mr K. R. Duncan.

Sir, The triumphalism of US monetary and fiscal policies underlying a recent series of articles and comments published by the FT recently is as remarkable as it is unwarranted ("Greenspan's record: an activist unafraid to depart from the rules", Andrew Balls, August 22; "It is not freaky for growth to follow tax cuts", Amity Shlaes, August 22; and "Respect for a master banker's reading of the tea leaves", Kenneth Rogoff, August 24).