It was a case of history repeating itself, coming four decades after the same question was put to another Conservative prime minister. After 364 economists wrote to the Times attacking the 1981 budget as deflationary, the then Labour leader, Michael Foot, asked Margaret Thatcher whether she could name two professors who supported her strategy.
Thatcher named Minford and the now departed Alan Walters, later joking in the car taking her back to Downing Street: “Thank goodness he did not ask for three!”
The anecdote says three things about the economist: he has been around a long time, he has form as a maverick, and he continues to influence the political debate.
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