"The Prime Minister in the UK thinks spending and borrowing more is the right thing to do in the circumstances, and is busily trying to bail out chunks of the private sector which would otherwise have to adjust more quickly to the painful reality that we have been living beyond our means."
- John RedwoodBritish economist and politician John Redwood is renowned for his astute observations on economic matters. The financial practices of UK government officials during difficult times are the subject of one of his noteworthy comments. Think of an economy as a big ship negotiating choppy waters. In orde…