Margaret Thatcher, rest in peace. Margaret Thatcher changed the UK and especially the English-speaking world---all the way to New Zealand and Australia. Like staunch conservative Churchill, she came to power in a time of chaos and crisis caused by socialist policies of the far left Labour Party in that country. Out-of-control public expenditures on entitlements and industry supports led the UK to request an IMF in bailout loan in Sept 1976. The IMF demanded budgetary restraint and devaluation. The British pound was crashing at the time. In 1979, the country was gripped by inflation and strikes called the 'winter of discontent.' During the 1970s, the UK was known as the "poor man" of Europe in terms of GDP. (If you think that this is not instructive to the current situation in the US, I believe that you are mistaken)
Margaret Thatcher: Rest In Peace
Margaret Thatcher: Rest In Peace
Margaret Thatcher: Rest In Peace
Margaret Thatcher, rest in peace. Margaret Thatcher changed the UK and especially the English-speaking world---all the way to New Zealand and Australia. Like staunch conservative Churchill, she came to power in a time of chaos and crisis caused by socialist policies of the far left Labour Party in that country. Out-of-control public expenditures on entitlements and industry supports led the UK to request an IMF in bailout loan in Sept 1976. The IMF demanded budgetary restraint and devaluation. The British pound was crashing at the time. In 1979, the country was gripped by inflation and strikes called the 'winter of discontent.' During the 1970s, the UK was known as the "poor man" of Europe in terms of GDP. (If you think that this is not instructive to the current situation in the US, I believe that you are mistaken)