Call me picky, if you will, but there is one small point where I would disagree.
You write that the Prime Minister is "refusing to believe the evidence of his own and everyone else's eyes.'"
It isn't everyone else's eyes. There are plenty on his own benches, "Orange Book" Lib Dems and a few on the Labour benches who buy in to this lunacy.
Headbangers to a man and woman, they cannot accept that far from Keynes being a busted flush, it is the Ayn Rand/Milton Friedman axis that is the busted flush.
The way it is justified is, to keep up a narrative that paints an alternative, Alice In Wonderland reality, reflected in almost all the mainstream media, in the hope or expectation that it will become received wisdom. Goebbels would have been proud.
I do not have, nor do I think that I need, space to detail the brazen mendacity of these people, or the evidence-free zone that is their policy-making. You do an excellent job of that yourselves.
And it's bad for my blood pressure.
Les Mondry-Flesch
London SE20