Living within one’s means, exercising prudence, not running before you can walk. In the end, Lady Bracknell would have been justified in censuring Irish policymakers as she censured her prospective son-in-law Ernest.
Curing the current crisis has been in some respects more challenging than the last time, given the absence of some previously available tools and because of the greater complexity of resolving the indebtedness problems that have been much more to the fore this time around. Policy has been tackling the challenges and they are now evidently beginning to be brought under control and subdued.