Jim's Conservatory
Posted on 2015-05-25 · 3 min read · Ideas · Politics · News · Economics · Fifteen
Let’s assume that Jim has just had a sudden unexpected expenditure: a neighbour released a bull into his back garden and it destroyed his conservatory. Let’s assume that the conservatory is essential to Jim’s wellbeing, so it has to be fixed immediately. As a result Jim’s debts, which were previously small and well-managed, have now increased somewhat.