There Is No Alternative. Margaret Thatcher and her allies in the “dry” wing of the British Conservative Party popularized the phrase three decades ago. TINA, for short. The name never caught on in the U.S. as in the UK and parts of Continental Europe, but the idea did. The most compelling statement of it may have come from Milton Friedman, talking to Phil Donahue in 1979:
“Alternatives” Isn’t a Dirty Economic Word
The decline of Margaret Thatcher’s TINA and the simple economic answers it offered.
August 01, 2013