Margaret Thatcher Quotes on Economics
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I wish I could say that the Chancellor of the Exchequer had done himself less than justice. Unfortunately, I can only say that I believe he has done himself justice. Some Chancellors are macro-economic. Other Chancellors are fiscal. This one is just plain cheap.
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Economics are the method; the object is to change the heart and soul.
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My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police.
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The right hon. Gentleman is afraid of an election is he? Oh, if I were going to cut and run I'd have gone after the Falklands. Afraid? Frightened? Frit? Couldn't take it? Couldn't stand it? Right now inflation is lower than it has been for thirteen years, a record the right hon. Gentleman couldn't begin to touch!
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No theory of government was ever given a fairer test or a more prolonged experiment in a democratic country than democratic socialism received in Britain. Yet it was a miserable failure in every respect. Far from reversing the slow relative decline of Britain vis-a-vis its main industrial competitors, it accelerated it. We fell further behind them, until by 1979 we were widely dismissed as 'the sick man of Europe'...To cure the British disease with socialism was like trying to cure leukaemia with leeches.