Thursday, April 11, 2013

Margaret Thatcher Letter to F.A. Hayek

For what it is worth.

A case can certainly be made that Thatcher used Hayek to give the impression she was anti-big government. Thanks to Murray Rothbard's keen skills for spotting phony libertarian he set us straight about the Iron Lady:
 Thatcherism is all too similar to Reaganism: free-market rhetoric masking statist content. While Thatcher has engaged in some privatization, the percentage of government spending and taxation to GNP has increased over the course of her regime, and monetary inflation has now led to price inflation

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