V.S. Naipaul, that clever and often wise man, once laid down: ‘One always writes comedy at the moment of deepest hysteria.’ Well, where’s the comedy now? There is certainly plenty of hysteria. Old Theodore Roosevelt used to say: ‘Men are seldom more unreasonable than when they lose their money. They do not seek to apportion blame by any rational process but, like a wounded snake, strike out against what is most prominent in their line of vision.’

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