I always regarded free trade as far more important than all the other ambitious and often counter-productive strategies of global economic policy – f… - Margaret Thatcher
" "I always regarded free trade as far more important than all the other ambitious and often counter-productive strategies of global economic policy – for example the policies of 'co-ordinated growth' which led principally to inflation. Free trade provided a means not only for poorer countries to earn foreign currency and increase their peoples' standards of living. It was also a force for peace, freedom and political decentralization: peace, because economic links between nations reinforce mutual understanding with mutual interest; freedom, because trade between individuals bypasses the apparatus of the state and disperses power to customers not planners; political decentralization, because the size of the political unit is not dictated by the size of the market and vice versa.
About Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (13 October 1925 – 8 April 2013) was a British politician and stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented neoliberal economic policies of deregulation and privatization that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.
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Additional quotes by Margaret Thatcher
Consensus: “The process of abandoning all beliefs, principles, values, and policies in search of something in which no one believes, but to which no one objects; the process of avoiding the very issues that have to be solved, merely because you cannot get agreement on the way ahead. What great cause would have been fought and won under the banner: ‘I stand for consensus?
I find that the conservatism which I follow does have some things in common with what Professor Hayek was preaching and also has some things in common with what you called old-fashioned Liberals. Let me just quote one, to whom I am devoted, John Stuart Mill on liberty. “A nation that dwarfs its citizens will find that with small men it can accomplish no great thing.” Is that not what I have been saying? Yes, it is partly perhaps old-fashioned liberalism...my pride that it has something in common with that...but that also has something in common with my belief that really nations are there to try to help people to bring out the best talents and abilities and initiatives in themselves and that, I think, is conserving the best in human nature and trying to change the rest, but trying to change it through the character of men and women.