Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“Nobody spends somebody else's money as carefully as he spends his own. Nobody uses somebody else's resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.”     Milton Friedman

April 8, 2013

Margaret Thatcher Defends her Record and Capitalism Itself

by Stephen Littau

In marking the passing of one of the staunchest defenders of capitalism who held high office, I thought it would be appropriate to post this video of Margaret Thatcher in which she defended her record against her Labour Party critics. In this video, her political opponents thought the income gap grew too much under her leadership. Listen to her answer. This is the sort of unapologetic defence of capitalism we need in leadership on this side of the pond.

Another interesting part of this video was her warnings against the idea of a central European bank and currency. It seems that she was quite prescient given the problems of the Euro.

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