Any new incumbent who wants to be around for a long time needs to fine-tune the art of spending money. Of course, he can err on the side of generosity to the coalition or to the people—but only with any money that is left for his own discretionary use after taking care of the coalition’s needs. He had better not err on the side of shortchanging anyone who could mount a coup or a revolution. Shortchange the wrong people and any leader’s fate will confirm our abuse of William Wordsworth’s famous line: “Getting and spending, we lay waste our powers.”
