Odd Lots: Liz Truss on the 'Doom Loop' Engulfing the UK Economy

The podcast explores the UK's economic challenges and potential policy solutions through an interview with former Prime Minister Liz Truss. Truss defends her 2022 mini-budget, arguing it aimed to reverse tax rises and stimulate economic growth, but was undermined by institutional resistance and the Bank of England's actions. She advocates for supply-side reforms, such as deregulating planning and energy production, and criticizes the economic orthodoxy favoring Keynesian policies. Truss also calls for greater political accountability for the Bank of England and expresses concern over the UK's high energy prices and the state of free speech, pointing to the need for fundamental changes to the British state.