Re: Margaret Thatcher -- a fellow Chartalist?

[Sven R Larson <larson@xxxxxx>]

Considering the lack of comments on Per's note I can only draw the same
conclusion as when I tried to point out last fall that the political
favorites in PK circles were indeed the least likely to be fiscally
Keynesian. To spin more on this, one might say that the day the GOP lost
Jim Jeffords, fiscal Keynesianism lost another vote in the US Senate.

I find it hard to endorse the attitude adopted by many (but not all!)
Post Keynesians on both sides of the Atlantic, namely that it is better
to be politically correct than to be politically right...

"The budget deficit is big enough to take care of itself."
Ronald Reagan.


/srl

Per Gunnar Berglund wrote:
>
> PKTers,
>
> Today's New York Times reports that the debate on the euro is heating up in
> Britain.
> (http://www.nytimes.com/aponline/business/AP-Britain-Divisive-Euro.html)
> The article features the following quotes from a recent speech by former
> Prime Minister Margaret Thatcher:
>
> "To surrender the pound, to surrender our power of self-government, would
> betray all that past generations down the ages lived and died to defend,"
> she told Conservative activists in the southern city of Plymouth.
> "A country which loses the power to issue its own currency is a country
> which has given up the power to govern itself. Such a country is no longer
> free."
>
> It seems to me that we have a fellow Chartalist in Lady Thatcher?
>
> Best,
>
> Per
>
> _____________________________________________
> Per Gunnar Berglund
> CEPA    80 Fifth Avenue, 5th floor    New York, NY 10011
> Tel: (212)229-5923    Fax: (212)229-5903

--
Sven R Larson
PhD; Assistant professor of economics
Department of Social Sciences, Bldg. 22.2
Roskilde University
Pb 260
DK-4000 Roskilde, Denmark
Phone: (+45) 4674 2910