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Location: St. Louis, Missouri, United States

Tuesday, February 28, 2012

Mrs. Thatcher's vindication

Dana Mathewson

Former British Prime Minister Margaret Thatcher used to like to say that the problem with socialism is that eventually you run out of other peoples' money. It seems that other British politicians have taken longer to learn that lesson, though they apparently have finally done so.

Meanwhile, William Katz comments "And we continue borrowing, and dumping one regulation after another on the very industries that need to grow to make the whole economy grow. And around the president are those – they probably spent their junior year abroad – who think the European and British examples are just wonderful, far more civilized than our own way. Why, in Britain they have national health care. At least this week."

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