“Britain in the 1970s was undoubtedly an economic mess because of the oil price explosion.”

You see, another reason for nationalization was that private ownership meant fragmentation.

It was very much a cry for democratic control at that time. Above all, breaking the accomplished power of a few people to rule the lives of everybody else.

Why get rid of Chamberlain to put in Halifax? It’s like getting rid of the organ-grinder to put in the monkey.

Large motorway flyovers are the cathedrals of the modern world.

And what always struck me about that war period was how even Churchill had to talk socialism to keep up people’s morale.

He described how, as a boy of 14, his dad had been down the mining pit, his uncle had been down the pit, his brother had been down the pit, and of course he would go down the pit.

I remember people who’d had a lot of hardship during the war. They’d thought we’d won.

I will fight for what I believe in until I drop dead. And that’s what keeps you alive.

Think, think, think. It will hurt like hell at first, but you’ll get used to it.

And that will increasingly dawn on people. The demand for controlling the commanding heights will grow.

I have never consciously exploited the fact that I am a woman. I wouldn’t dare try that even if I knew how to. I have too much respect for my male colleagues to think they would be particualrly impressed.

In politics, guts is all.

The basic aggregate measure of gearing or leverage is telling us that today’s advanced economies’ operating systems are more heavily dependent on private sector credit than anything we have ever seen before.

Then our economic future will be very different from our recent past.

Macroeconomic stability will be more elusive and that will affect all of our lives: from the risks many will face in childhood.

Furthermore, this pattern is seen across all the advanced economies, and isn’t just a feature of some special subset (e.g. the Anglo-Saxons).

If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

These days, even out of office, I still read economic reports.

While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

We need to realize that the economic situation between Mexico and the United States is not just one in which we trade with one another.