by Keith Joseph
Centre for Policy Studies
July 02, 2014
In 1974, Sir Keith Joseph delivered a series of speeches which set out – for the first time – an alternative to the prevailing consensus of the day. These speeches, which changed the world, remain remarkably fresh and relevant today. For with amazing clarity, force and indeed humility, Sir Keith argued against the easy but flawed option of money-printing to solve current economic problems. In its place, he argued for a smaller state, lower government spending, lower taxes and lighter regulation. His aim: to encourage enterprise as the only way to secure higher long-term employment, economic health and prosperity for all. He did not pretend that such an approach would be politically easy. But as he asked at the time: “Can we afford to? Experience leads me to ask, can we afford not to?”

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