Spontaneous Order: Looking Back at Neoliberalism
Thatcher’s adviser Alan Budd, for example, admitted that “the 1980s policies attacking inflation by squeezing the economy and public spending were a cover to bash the workers.” Jimmy Carter’s Federal Reserve chairman Paul Volcker announced his monetarist interest rate hike in 1979 by declaring that “the standard of living of the average American has to decline.”
.. Thatcher’s adviser Alan Budd, for example, admitted that “the 1980s policies attacking inflation by squeezing the economy and public spending were a cover to bash the workers.” Jimmy Carter’s Federal Reserve chairman Paul Volcker announced his monetarist interest rate hike in 1979 by declaring that “the standard of living of the average American has to decline.”