The Massive Reduction In Risk That Is

The Great Dialectic In Our Time Is Not, As Anciently And By Some Still Supposed, Between Capital And Labor; It Is Between Economic Enterprise And The State.

There Are Days When The Result Is So Bad That No Fewer Than Five Revisions Are Required. In Contrast, When I'm Greatly Inspired, Only Four Revisions Are Needed.

Broadly Speaking, Keynesianism Means That The Government Has A Specific Responsibility For The Behavior Of The Economy, That It Doesn't Work On Its Own Autonomous Course, But The Government, When There's A Recession, Compensates By Employment, By Expansion Of Purchasing Power, And In Boom Times Corrects By Being A Restraining Force. But It Controls The Great Flow Of Demand Into The Economy, What Since Keynesian Times Has Been The Flow Of Aggregate Demand. That Was The Basic Idea Of Keynes So Far As One Can Put It In A Couple Of Sentences.

All Successful Revolutions Are The Kicking In Of A Rotten Door. The Violence Of Revolutions Is The Violence Of Men Who Charge Into A Vacuum.

She Is A Reflection Of Comfortable Middle-class Values That Do Not Take Seriously The Continuing Unemployment. What I Particularly Regret Is That She Does Not Take Seriously The Intellectual Decline. Having Given Up The Empire And The Mass Production Of Industrial Goods, Britain's Future Lay In Its Scientific And Artistic Pre-eminence. Mrs Thatcher Will Be Long Remembered For The Damage She Has Done.