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:
'Isle of Man could drive drug reform innovation'
Noble's Emergency Department 'well under the size that it should be'
Garff by-election: Candidate would like to see bins across parish improved
Tynwald questions on medicinal cannabis and Ronaldsway's radar system
Important gaps in Manx Care staffing pointed out