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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… - Margaret Thatcher
" "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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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.
Biography information from Wikiquote
Also Known As
Birth Name:
Margaret Hilda Roberts
Alternative Names:
Baroness Thatcher
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Margaret Hilda Thatcher
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Margaret Roberts
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Maggie Thatcher
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Baroness Margaret Thatcher
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Lady Thatcher
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Mrs. Thatcher
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Mrs. T
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Baroness Thatcher of Kesteven
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Additional quotes by Margaret Thatcher
For years there was a widespread belief that we could have inflation and a high level of employment at the same time. For years there was a belief that we could secure more jobs if we were prepared to put up with a little more inflation—always a little more, it was thought. The experience of the past 25 years has taught us on the Government Benches that those beliefs were a most damaging illusion. Inflation and unemployment, instead of moving in opposite directions, rose inexorably together. As Governments tried to stimulate employment by pumping money into the economy they caused inflation. The inflation led to higher costs. The higher costs meant loss of ability to compete. The few jobs that we had gained were soon lost; and so were a lot more with them. And then, from a higher level of unemployment and inflation, the process was started all over again, and each time round both inflation and unemployment rose. In Parliament after Parliament, each new Government had a higher average rate of inflation and unemployment than the preceding Government. It is that cycle that we have set out to break.
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Every political debate these days contains a lot about economic policies. So much so that sometimes I think people get a little tired of hearing about them. Naturally there is a cry that Government must put people before economics. Who could disagree? That is the very reason why we in our Party have constantly fought Marxism and Communism. Fought Marxism because of —its compulsory society —its nationalisation of the means of production, distribution and exchange. —its attempt to snuff out individual conscience. —the absence of the great voluntary societies which are so much a part of our way of life. —its denial of freedom to choose —its elevation of the values of the State above those of religion. Its denial of the right to educate children outside the state system. —its extinction of private property because property rights support human rights.
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