We all like to spend money. Unfortunately most of us don’t have as much money as we’d like to spend. This isn’t merely true for individuals. Nations can spend too much money as well.
Greece has decided that it can’t handle the austerity measures necessary to put it on the path to financial stability. They’ve elected a new leftist government that’s got back to the serious business of spending money they don’t have. The Greeks can breathe easily again. Life is back to normal.
Sometimes life imitates art.
I’ve been reading Anthony Trollope’s Doctor Thorne lately. In the novel, the local squire, Mr. Gresham, has some financial difficulties. He’s got an immense income of £14,000 a year, but he’s got even more immense debts. He owes £80,000, and he’s just had to borrow another £10,000. Trollope describes Mr. Gresham’s reaction to the new loan this way.