NOT THE TIMES NEWSPAPER

MISSING, PRESUMED LOST - THE IRON

CHANCELLOR RETURNS


This week will see the former boom-and-bust, Iron
Chancellor make one of his rare visits to Westminister -
having perhaps visited on two other occasions to
represent his constituents since 2010. He will be
paying his respects at the funeral on Wednesday of
Baroness Thatcher, the Iron Lady.

Iron being the chosen metaphor for expressing the personal
attributes of both, we should perhaps question whether the
quality of metal used in fashioning the former was equal to
to the latter.

Were forty-eight consecutive quarters of  'endogenous'
growth, based on reckless spending and near national
bankruptcy equal to the iron resolve of our greatest
peacetime Prime Minister, who saved Britain from
socialism and changed the geo-political map of
much of the world?

What is also fascinating to ponder is the fact that both
Gordon Brown and Adam Smith, author of The Wealth of
Nations, were born in Kilcaldy. Therein lies a paradox:
the one invented free-market liberalism, while the other
did everything he could to destroy it. Our children will
be paying the price for generations to come.