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The “BYO” Show: China, Iran, and Truss (but Vilify) | GoodFellows: John Cochrane, Niall Ferguson, H. R. McMaster | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

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The Key to Everything Is Economics and Politics

The real story of British politics is that it's about which Oxford graduates gets to be prime minister. The idea that you could do this, I would have thought would have been easily exposed as futile and impossible at, I don't know, first year Chicago economics. But not even three years of PPE got Liz Truss to understand that. And so what we saw in the last few weeks was a really absolutely classic financial market veto of impossible policies.

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