At a macro-level, it reinforces prudence and affordability. But at a micro-level, it can be an obstacle to speed, efficiency and innovation.
But there are truths in life – for example, that a stich in time saves nine, beggars can’t be choosers…and that you can’t spend more than your earn. His premiership ends with record spending and taxes.
Voters value stability. Our parties have made a national sport of ‘spills’, and been punished at the ballot box.
The current system, drawn up by a shellshocked party after 1997, encourages the self-destructive behaviour we have seen.
It needs to pull the help it has already provided into an account that shows the scale of the adjustment we are going through.
Voters aren’t used to a world of rising prices and interest rates, and their hearts and minds are up for grabs.
To waste time now on internal factionalisation would be indefensible to so many party members who worked so hard to secure our majority.
If the party really wants to honour its past, then it must face up to problems of the present.
Perhaps firefighting this crisis is easier than tackling the many serious problems facing the nation.
A tight focus on North Down has better odds for medium-term success than the usual rash of paper candidacies.
The Government gains from her making a Tory case on disparities, which too few of her colleagues are willing to do.
We must extract more domestic gas, stop importing more untaxed electricity – and turbo-charge new nuclear power.
In a nutshell, the issue is that tightening monetary and fiscal policy at the same time could force the economy to a stuttering halt.