Sunday, March 12, 2006
To Margaret Thatcher: An Apology
This week marks the 25th anniversary of 364 economists signing a letter protesting about Margaret Thatcher's economic policies. I wonder if they'd all now like to sign a letter of apology. Thought not. The Sunday Times says that when MT was asked to publicly name two economists who supported her policies she said Patrick Minford and Alan Walters. When she returned to Downing Street one brave soul is supposed to have said to her: "Prime Minister, it's a good job you were not asked to name three!" I can imagine the withering look he got.