If there’s a return to some kind of normal, cuts will need to be made everywhere, we read. The universities here in the West at least are stricken too.

I happen to have a great solution that will save millions, and not just at universities: All economic teaching, the articles, the books, and even economists can be replaced with one simple sentence by Francis Bacon…..

The magic formula?

Money is like muck: no good unless it be spread.

There you go boys, Keynes, Marx, Friedman and everybody else; all you need to know was said long before your time and elegantly concise too….