asterisk2a + margaretthatcher   3

Economic policy: Paved with good intentions | The Economist
Although the debate [austerity] relates to the UK, I think it has a much wider resonance. And indeed, to a student of history, it has fascinating parallels; economic policy-making was rethought in the mid-1970s, but the same debates are popping up again. [...] Margaret Thatcher on ZIRP & QE "Let us print the money instead. Because what that is saying is let us quietly steal a cerain amount from every pound saved in building societies, in national savings, from every person who has been thrifty." [...] [ZIRP & QE is no free lunch - it has consequences, known and unknown, unintended.]
infrastructure  investment  monetary  policy  Margaret  Thatcher  Mark  Carney  Europe  reflation  zombie  banks  New  Normal  BOE  deflation  macroeconomics  macroeconomic  policy  QE  intellectual  fiscal  policy  free  lunch  UK  PIGS  debt  monetisation  Martin  Wolf  austerity  greatdepression  zombie  consumer  economic-thought  deleveraging  economics  debt  monetization  Richardkoo  liberal  economic  reform  IMF  GFC  output-gap  unintended  consequences  margaretthatcher  Troika  davidcameron  greatrecession  debtoverhang  economic  history  financial  repression  Super  Cycle  sovereign  debt  crisis  monetarism  ZIRP  demand-curve  PIIGS  fiscal  theory  supply-demand  MervynKing  GeorgeOsborne 
may 2013 by asterisk2a
Cameron Learns From Thatcher on Economy - Bloomberg
 Cameron has no alternative to pressing ahead, political scholars say. The premier and his ministers will face more opposition this week as public-sector unions prepare for strikes against pension curbs.Thatcher’s experience shows sticking to painful economic policies is less dangerous politically than a perception of weakness, according to Tim Bale, author of “The Conservative Party From Thatcher to Cameron.”“Even if people disagree, the idea that you’re sticking to it and prepared to stay the course is important,” said Bale, who’s professor of politics at the University of Sussex.

The premier tried to make a virtue last week of his rethink of an overhaul of the NHS, a step forced on him by a rebellion from his Liberal Democrat coalition partners and protests from doctors and nurses. He said it showed his government is listening.

"You turn if you want to. The lady’s not for turning."
“She thought very carefully and chose her battles,”
davidcameron  margaretthatcher  UK  economy  politics  austerity  2011  history  policy  politicalscience  politicaleconomy  GeorgeOsborne 
june 2011 by asterisk2a

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