Margaret Thatcher

"Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself."

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Source: Rupert Murdoch's inaugural Margaret Thatcher lecture by Rupert Murdoch, www.theguardian.com. October 21, 2010.

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Margaret Thatcher

Margaret Thatcher

Politician

Margaret Thatcher was the first female Prime Minister of the UK, known for her strong leadership and economic policies that transformed Britain.

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