The Truth About Shrinking Government

Thatcher_Taxes

by Patrick Appel

Bruce Bartlett combats misconceptions about Margaret Thatcher's policies:

Mrs. Thatcher, like Reagan, moved her country in a conservative direction. But Mrs. Thatcher’s fiscal accomplishments were much more modest than many of today’s Republicans think. The lesson they should learn from her is that it is very hard to shrink the size of government even when a strong leader has complete control of the legislature, that it takes many years of arduous work to do so and that at the end of the day it won’t shrink very much.

Yglesias compares Thatcher to today's GOP.