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Ancient and modern

John McDonnell’s true economic guru: the emperor Nero

The shadow chancellor is digging for imaginary treasure. Classicists know how that one turns out

10 October 2015

9:00 AM

10 October 2015

9:00 AM

John McDonnell, shadow chancellor in the Corbynite splinter-group, has announced that £120 billion is waiting to be reclaimed from tax avoidance, evasion and other schemes. Nero was equally detached from reality.

The Roman historian Tacitus tells us that in ad 65 a fantasist from Carthage by name of Caesellius Bassus bribed his way into an interview with Nero and told him that on his estate there was hidden a vast quantity of gold, not in coin but in unworked bullion — great columns of it.

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