The most important economic chart in Western civilization. How it happened: “Respect and reward innovators and innovation.” (via AEI)

The most important economic chart in Western civilization. How it happened: “Respect and reward innovators and innovation.” (via AEI)

Did FDR End or Extend the Depression

“The policies that were supposed to restore prosperity actually prolonged the Depression.”

The key to understanding Mrs. Thatcher is recognizing that she was neither a conservative nor a Tory but a radical. The British Tory party is a pretty specious organization and it all too often leans toward maintaining the current order rather than defending the classically liberal principles that made Britain great. Mrs. Thatcher had no time for all that, and as a consequence the Tories were never quite comfortable with her, nor she with them. On more than one occasion, she found herself on the end of terrible snobbery from Conservative-party grandees, grey-suited fellows who regarded her with suspicion as an arriviste and as “just a grocer’s daughter.” It is no surprise she loved America as she did.

“Diversity” types are amusingly silent about her — and for good reason, as her example is utterly lethal to the culture of victimhood on which they rely. The global Left, likewise, has strong motives to disparage her: She realized that decline was a choice (“I can’t bear Britain in decline, I just can’t”), unashamedly believed that the Anglosphere was crucially important to the world (“During my lifetime most of the problems the world has faced have come, in one fashion or other, from mainland Europe, and the solutions from outside it”), and was possessed of an unwavering belief that America and Britain were forces for good and must lead. Today, I feel particularly for my father, who came from nothing and made something of himself. He abhorred the patronizing socialism of the Labour party and credited the opportunity society in which Mrs. Thatcher believed with making his social mobility possible. She was his hero.

In death, her enemies will be vile about her — that is their right, and there is no need to pretend that they liked her just because she is dead. Indeed, the usual suspects have already started. But, ultimately, who cares what they say? She was right and they were wrong. While they blathered, she helped to defeat Communism, restored democracy to the Falklands, and saved Britain from the reds at home. She was, without doubt, our finest post-war premier and she made an incalculable contribution to the life of my country of birth.

Charles C. W. Cooke

Margaret Thatcher:  There Is No Such Thing as Public Money

“ The liberty of the press is the birth-right of Britons, and is justly esteemed the firmest bulwark of the liberties of this country. It has been the terror of all bad ministers; for their dark and dangerous designs, or their weakness, inability and duplicity, have thus been detected and shown to the public, generally in too strong and just colours for them long to bear up against the odium of mankind. Can we then be surpriz’d, that so various and infinite arts have been employed at one time entirely to set aside, at another to take off the force, and blunt the edge, of this most sacred weapon, given for the defence of truth and liberty? A wicked and corrupt administration must naturally dread this appeal to the world; and will be for keeping all the means of information equally from the prince, parliament and the people. Every method will then by try’d, and all arts put into practice to check the spirit of knowledge and inquiry. Even the courts of justice have in the most dangerous way, because under sanction of law, been drawn into the dark views of an arbitrary ministry, and to stifle in the birth all infant virtue. ”

John Wilkes, 1752

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