Ira Stoll: How Margaret Thatcher Brought Economic Freedom to Britain


Credit: Williams, U.S. Military/wikimedia

Of all the possible ways to remember Prime Minister Margaret Thatcher—victorious cold warrior, pioneering woman politician, resolute American ally—the one that's probably most relevant today, writes Ira Stoll, is the way she transformed Britain's domestic policy and economy by cutting taxes and privatizing government-owned gas, electric, coal, telephone, and airline companies. It was a classic example of the benefits of economic freedom.