It is Mrs Thatcher's great merit that she has broken with the Keynesian immorality of 'in the long run we are all dead' and to have concentrated on the long run future of the country irrespective of possible effects on the electors. Keynesian irresponsibility naturally appeals to the timid wets... Mrs Thatcher's courage makes her put the long run future of the country first. After being much too long restrained by the believers in the Muddle of the Middle, her new stature ought to enable her to guide us by her true vision.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "It is Mrs Thatcher's great merit that she has broken with the Keynesian immorality of 'in the long run we are all dead' and to have concentrated on the long run future of the country irrespective of possible effects on the electors. Keynesian irresponsibility naturally appeals to the timid wets... Mrs Thatcher's courage makes her put the long run future of the country first. After being much too long restrained by the believers in the Muddle of the Middle, her new stature ought to enable her to guide us by her true vision." in the context of "Friedrich Hayek, letter to The Times (1 July 1982)" to mean that wisdom is timeless.