Liz Truss sought to be another Margaret Thatcher, but her ballyhooed budget numbers did not add up.
Kevin Dowd
Kevin Dowd is professor of finance and economics at Durham University in the United Kingdom. He is a lifelong libertarian and his thinking is heavily influenced by Austrian and Public Choice economics. His main areas of interest are free banking, central banking and private money. Dr. Dowd is an adjunct scholar at the Cato Institute, research fellow of the Independent Institute, senior fellow of the Adam Smith Institute (London) and of the Cobden Centre for Honest Money and Social Progress, and member of Economists for Free Trade (formerly Economists for Brexit). Among his books, he is editor (with Richard Timberlake) of the book, Money and the Nation State: The Financial Revolution, Government, and the World Monetary System.
Latest work
The woes of Britain's financial sector have been exacerbated by UK financial regulators' failures.
In an earlier article, I explained that the collapse in the long-dated UK government bond (or gilts) market on September 28 that followed the ill-fated Kwarteng “mini budget” of a few days earlier had...
