“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.”
Quote by Margaret Thatcher
Author
Margaret Thatcher
Margaret Thatcher, born on October 13, 1925, was a former Prime Minister of the United Kingdom. Known for her strong political stance and reformist policies, she is one of the most influential political figures of the 20th century. Thatcher served as Prime Minister from 1979 to 1990, implementing a series of economic and social reforms that had a profound impact on the UK and the global political and economic landscape. more
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