Occam’s Razor Rules

It is snowing in London this morning and there is a bitter wind, more suited to January than March. Our economy is also cold and bitter. We cannot change the weather, although in the long term we can and will change the climate, whether we want to or not and whether we believe it or not. We can change the economy, although the way to change it into something that is more benign and brings more prosperity is not clear. As with the environment, politics interferes with doing what is right for the economy.