Low life | 9 April 2015
Spectator Life’s third birthday party was a glamorous affair. It had paps, pop stars and Pippa. One went in and waiting at the top of the stairs were Spectator Life’s editor and deputy editor, super-dazzlers both, offering their cheeks to be kissed. We drank Bellinis. There is a new economic theory which claims that people often act more irrationally than economists in particular imagine. One of its key terms is ‘discounting the future’, which is another way of saying that in certain circumstances people often behave as if there were no tomorrow. The Spectator Life birthday party was a bit like that. Speaking for myself, I discounted the future so comprehensively that it was a case of Everything Must Go.