Margaret Thatcher died today. I have no love for the lady. None. But there are two things I need to say: One, she was the reason I left the UK. Her diagnosis of what ailed the UK back ion the 1970’s was, I still think, in error. Her persistent anti-social rhetoric laid the groundwork, as […]

My post last week has elicited a number of lengthy and interesting responses. Rather than answer one at a time I thought I would clarify and extend on my original thoughts. This comment, by Ken Zimmerman, is my starting point: Per the latest edition of Samuelson’s “Economics” the 2007-2009 financial crisis was bad, but it […]