"Making a speech on economics is a lot like pissing down your leg. It seems hot to you, but it never...
"Making a speech on economics is a lot like pissing down your leg. It seems hot to you, but it never does to anyone else," said President Lyndon Baines Johnson, apparently. Now if he had been writing a column on where markets are going, he might have extended the analogy to say "it's like pissing in the wind". I am indebted to Andrew Marr's brilliant book The History of Modern Britain for the quote and frankly it is as good an insight as any I have come across as to how we in the UK have found ourselves in our current mess. Sadly, he has not got any of the answers as to how to get out o...
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