Word: elixir
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Dates: during 1980-1989
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...Margaret Thatcher and the Conservatives into office last May may well be wondering just who is in charge at 10 Downing Street, Mrs. Thatcher or Nobel-prizewinning U.S. Economist Milton Friedman. Friedman's philosophy of monetarism-unflinching regulation of a nation's money supply as the golden elixir for economic health-flows through every line of the Thatcher government's budget for 1980. The proposed budget, which is virtually assured of passage, was presented last week to a grim session of the House of Commons by Chancellor of the Exchequer Sir Geoffrey Howe, and the reactions...