Posted on 04/09/2013 8:54:25 AM PDT by Nachum
Lady Margaret Thatcher was well-known throughout the free world for her fierce conservatism and her opposition to the Evil Empire, two noble qualities that separated her from the rest of her U.K. colleagues.
But did you know that she also had some frighteningly accurate economic predictions?
In her two autobiographies, The Downing Street Years and The Path To Power, she wrote about how she planned to argue against the EMU (Economic and Monetary Union), the Telegraphs Peter Oborne notes.
In her anti-EMU arguments, as pointed out by Business Insiders Joe Weisenthal and Rob Wile point out, Thatcher outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.
(Excerpt) Read more at theblaze.com ...
and Grace has led Maggie home.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.