It’s with great sadness that I learned Tuesday morning that Nigel Lawson died Monday. He was the force of nature that helped unleash the country’s latent capitalist instincts during the 1980s after decades of a post-WWII flirtation with socialism. The latter was an economic disaster.
Lawson’s actions were simple but vital to rescuing the UK from its economic mess. He cut income taxes from eye-watering levels, allowed capital to flow freely into and out of the country, and taxed consumption. All these things foster investment and economic growth. He knew all this and managed to implement it to make Britain a richer, better place for everyone. The world is a better place because of him also, as the increased riches of the UK have allowed Britain to help other countries in need.
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