The situation the Isle of Man finds itself in today presents a huge challenge for its politicians.
An extended period of prosperity means the Island will be able to cope with the VAT shortfall, albeit with some painful belt-tightening.
But for a reflection from one of Tony Brown's predecessors we turned to the Island's first Chief Minister, Sir Miles Walker.
He took office as those prosperous times were beginning and the idea of putting cash aside for a rainy day - the creation of a deep well of reserves - was coming into effect.
John Moss has been speaking with Sir Miles:
Amber weather warning issued as strong winds and coastal conditions expected overnight
Hospice funding criticised by UK charity chief amid Isle of Man service cuts
Sailings cancelled as storm brings gale-force winds
Manx Mountain Marathon route diverted over safety concerns amid forecast strong winds
Rushen MHKs to meet with Southern Group Practice over appointment concerns