The Economic Case For and Against Thatcherism

As I hope I made clear in my post on Monday, I’m willing to give the old devil her due. But let’s not get carried away. “Margaret Thatcher had more impact on the world than any woman ruler since Catherine the Great of Russia,” Paul Johnson wrote in the Wall Street Journal. In the Times, David Brooks, perhaps confusing her for the Count of Cavour, said that she led a “fervent bourgeois Risorgimento.” Meanwhile, Speaker John Boehner described her as “the greatest peacetime prime minister in British history.”

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