Ladies and gentlemen, I stand before you tonight in my … chiffon evening gown, my face softly made up, my fair hair gently waved, the Iron Lady of the Western world. Me? A Cold War warrior? … Well, yes — if that is how they wish to interpret my defense of values of freedoms fundamental to our way of life.

We shall take whatever action is necessary to contain the growth of the money supply. The government, unlike so many of its predecessors, will face up to economic realities.

Consensus negates leadership.

But the whole history of America is quite different from Europe. People went there to get away from the intolerance and constraints of life in Europe. They sought liberty and opportunity; and their strong sense of purpose has over two centuries, helped create a new unity and pride in being American.

Socialists have always spent much of their time seeking new titles for their beliefs, because the old versions so quickly become outdated and discredited.

There is no such thing as society.

But because we accept the sanctity of life, the responsibility that comes with freedom and the supreme sacrifice of Christ expressed so well in the hymn: 'When I survey the wondrous cross on which the Prince of Glory died. My richest gain I count but loss and pour contempt on all my pride.'