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Thomas Robb

assessments were largely accurate if the private papers of American officials are anything to go by. In one example from Simon’s private correspondence, he bemoaned American fiscal policy for resembling a ‘socialist’ agenda. If such a course was not reversed, then Simon predicted that ‘socialism’ would take hold in the US.153 Socialism was clearly used by Simon as a pejorative term in this context. Ford’s other economic advisers were just as disdainful about Britain’s economic position. Greenspan and his staff for instance provided damning verdicts on Callaghan’s economic

in A strained partnership?