Dear Readers, I point you to a brilliant article by economist Liam Halligan in last week's
Sunday Telegraph, which describes the ENRON economics of Gordon Brown, our esteemed
former Chancellor and now Prime Minister of the divided United Kingdom. ENRON was
the Texas-based energy company, whose collapse led to a major tightening of US accounting
standards in America. Gordon Brown went on a deferred spending spree using PFI projects
such as building hospitals, schools and prisons (!) but letting other generations pay for them.
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