With reference to Prof Ben Turok's  “insights” into the so-called debate on the independence and mandate of the SA Reserve Bank, it is universally accepted that a rate of inflation that is too high is the greatest danger to a stable economy, and while its effects are damaging on the savings of rich and poor alike, they are particularly devastating to the lives of the poor (Reserve Bank Can Stimulate Economy in Many Ways, June 14).

Just think Zimbabwe and Venezuela. Inflation above 3% is unacceptable in that it approaches a danger zone and must be monitored and countered as a priority. Therefore, if Prof Turok is suggesting sacrificing some inflation for growth he is wrong on two counts.

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