Friday, April 12, 2013

Thatcher week and then some

It's been huge in the UK.  Paeans on one side, hatred on the other.  So much to read, but today's bits are

- City AM editor Alastair Heath on how the left are wrong that Thatcher's policies led to the banking crisis and as an acolyte of Hayek, she would have disapproved of the protection from moral hazard presented by the pre-crisis regulatory and monetary policy environment (and the post-crisis bailouts).

- People are organising "Thatcher death parties" which, of course, she would say is their fundamental right.  Reminding us all that to even discuss such a thing for a dead leader in the former Soviet bloc would be to risk   the secret police having one, for you, without so much laughter.  She might have wondered if they think their children and grandchildren would be proud of them, and who else they would hold such a party for, but finally that it says more of them than of her.  Highlighted is one Romany Blythe, a drama teacher who is organising a death party saying "people danced when Hitler died" and who proudly flies the red flag.

Think the Holocaust Memorial Day Trust might invite this vapid empty head to meet some people who can tell her what Hitler was like.  She's prove beyond doubt that Thatcher's biggest mistake was not to privatise education.

- The Adam Smith Institute take on current popular UK leftwing pinup Owen Jones on "something called facts", which as a child of communist parents Jones finds get in the way of a good bashing of capitalism.


Here is the intellectual depth of most of the hatred of Thatcher

Meanwhile, George Galloway, sympathiser of Saddam Hussein, supporter of "accepting" the election of Mahmoud Ahmadinejad, the man who said the Syrian people are "lucky" to have Bashar Assad as their leader (and who calls out Western intervention wherever he finds it, but is curiously silent about Russia's intervention in Syria, has done one better.

He now sympathises with North Korea with its "innocent and pristine" culture.... of locking up children as political prisoners for the sins of their family.   Of course he still trots out the North Korean line that the USA started the Korean War, a piece of propaganda disproved by the opening of the Soviet archives and even more recently by a few Chinese academic pronouncements.

- Christine Lagarde and the IMF warn against what monetary policy retard Russel Norman is proposing.  Money printing is creating a timebomb (City AM) warning it will be hard to reverse these policies when it is needed without there being a profound market reaction (i.e. bursting bubble)

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