This is partly because these first principles endure long enough to find their way from academia into policymaking circles.
Or has the NHS row confirmed a deeper Tory hunch: that just as leopards have spots, Lib Dems are perfidious and sneaky, making the coalition an obstacle to bold policymaking?
Tall, soft-spoken, and courtly, Woolley moves easily between the City of London, academia, and policymaking circles.
Surely, the bank's policymaking board would have been the better arbiter.