"[Prime Minister Margaret Thatcher] demonstrated two great qualities. The first was that she had thought seriously about how to revive the British economy and entered office with a clear set of policies to do so. She brought down inflation by controlling the money supply, and she began removing the controls, subsidies, and regulations that kept business lazy. Her second great quality was the true grit of a true Brit (or perhaps I should say, of a true-blue Brit). We both realized that our policies wouldn't solve such deep-rooted problems overnight. The first effects, in the world recession of 1981-82, were painful. I remember meeting her in Washington at a time when people in both our countries were calling for a change of course. She never wavered. And she was proved right by events. ... Margaret Thatcher -- this great lady has not only served her country well, she has served the free world well. She is truly a great statesman. So much so that I'll correct what I just said: She is a great stateswoman holding her own among all the statesmen of the world." --Ronald Reagan