This is . . . . just . . . . awesome.
"An entire profession now appears to have suffered a collapse. Last week the Bank of England decided, overnight, that the ideal way to grapple with the financial crisis was not with a high interest rate policy but with a low one.
This week a political community adamantly opposed to cutting taxes, indeed having begged and borrowed from Asia rather than do so, suddenly thought tax cuts an excellent thing. This was not Keynes finding a new opinion when the facts no longer supported the old one. It was a colossal U-turn."