Basically, she outlined the problems with the euro perfectly, that Germany would chafe at the inevitable need for greater inflation, and that the poorer countries would inevitably be uncompetitive and need bailouts that would not easily be forthcoming.
This paragraph is from "The Path To Power," where she discusses conversations with John Major (her successor) about negotiating with the rest of Europe. She just totally nails the inflation and competitiveness angles.
Watch Margaret Thatcher Explain Why the Euro Is a Terrible Idea in 1990
By Jordan Weissmann | TheAtlantic
Say what you will about the rest of her legacy, but when it comes to the economic disaster today known as the euro, Margaret Thatcher was downright prophetic. In a delightfully acidic speech delivered before Britain’s House of Commons in 1990, and posted below, she summed up her feelings about European integration: "No. No. No."
Specifically, Thatcher opposed to the idea of handing political power to a European parliament, giving up the pound for a single European currency, or handing over its monetary policy to a European central bank. As she put it (in the blunt way only British politicians can):
Perhaps the Labour party would give all those things up easily. Perhaps it would agree to a single currency and abolition of the pound sterling. Perhaps, being totally incompetent in monetary matters, it would be only too delighted to hand over full responsibility to a central bank, as it did to the IMF. The fact is that the Labour party has no competence on money and no competence on the economy -- so, yes, the right hon. Gentleman would be glad to hand it all over. What is the point of trying to get elected to Parliament only to hand over sterling and the powers of this House to Europe?
Google’s New Computer With Human-Like Learning Abilities Will Program Itself 2014 10 30
In college, it wasn’t rare to hear a verbal battle regarding artificial intelligence erupt between my friends studying neuroscience and my friends studying computer science.
One rather outrageous fellow would mention the possibility of a computer takeover, and off they went. The neuroscience-savvy would awe at the potential of such hybrid technology as the CS majors argued we have nothing to ...
Former Cop Headed to Trial for Raping a Child While Other Officers Watched 2014 10 30
Pharr, TX — Trial is set to begin December 1, in the case of former Pharr police officer Erasmo Mata, Jr., accused of repeated first-degree felony sexual assaults of a child.
A federal civil lawsuit filed with Texas Southern District Court back in May accused Mata of assaulting the minor five times, on five separate occasions, all while on duty. ...
It Has Been Decided; Jeb Bush vs Hillary Clinton in ’16 2014 10 28
NY Times: The Bushes, Led by W., Rally to Make Jeb ‘45 ’
As Jeb Bush nears a decision to become the third member of his storied family to seek the presidency, the extended Bush clan and its attendant network are largely rallying behind the prospect and pulling the old machine out of the closet.
Rebuttal by The Anti-New York ...
Hillary – Says Business does NOT Create Jobs – Washington Does? 2014 10 28 We have a very serious problem with Hillary. I was asked years ago to review Hillary’s Commodity Trading to explain what went on. Effectively, they did trades and simply put winners in her account and the losers in her lawyer’s. This way she gets money that is laundered through the markets – something that would get her 25 years today.