The Bunker – News without the nonsense cover image

Take a Chancellor on Me: Unpacking Kwarteng and Truss's Big Gamble

The Bunker – News without the nonsense

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Is the School of Economics Now Totally Discredited?

Is this school of economics now thoroughly discredited? Will what the UK has just done act as an international cautionary tale to say to other right-leaning governments, this is what happens when you get your wish? I hope so. What we've learned from behavioral economics actually is relative things matter. So I use this analogy often about the woman on the Mylon Road Omnibus. She lost her job in a pub last week that couldn't pay its heating bills. And Steve, and Steve, the people who appear who go come through the East End on their way to Canary work, whatever, doing really, really well. And what we've learned is relative things Matter.

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