This is the recession, so we must spend our way out of it! So speaks Old Labour. No, no. ‘Thrift’ must be the watchword, insists New Tory. Talk about missing the point.
Aristocratic Romans knew all about the pleasures of spending vast sums of money. Lucullus (1st C bc) was a byword for it (hence our ‘Lucullan’).

Disagree with half of it, enjoy reading all of it
TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.
Already a subscriber? Log in
Comments
Join the debate, free for a month
Be part of the conversation with other Spectator readers by getting your first month free.
UNLOCK ACCESS Try a month freeAlready a subscriber? Log in