Thatcher Economics

Apropos the earlier post this morning about the application of Naomi Klein's Shock Doctrine to Europe, here's a paragraph from Joseph Gregory's frontpage obit of Margaret Thatcher:

Mrs. Thatcher's prescription for change was based on the ideas of the conservative economists Friedrich von Hayek and Milton Friedman. Hayek believed that political and economic freedom were inseparable; Friedman argued that economic productivity and inflation were determined by the amount of money the government put into the economy, and that the heavy government spending advocated by Keynesian economics distorted the natural strength of the marketplace.