Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
Margaret ThatcherI love his music because he was my generation. But then again, Elvis is everyone's generation, and he always will be.
Margaret ThatcherWe very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.
Margaret ThatcherOur first duty to liberty is to keep our own. But it is also our duty - as Europeans - to keep alive in the Eastern as well as the Western half of our continent those ideas of human dignity which Europe gave to the world. Let us therefore resolve to keep the lamps of freedom burning bright so that all who look to the West from the shadows of the East need not doubt that we remain true to those human and spiritual values that lie at the heart of European civilization.
Margaret Thatcher