[In response to Truss's essay for The Telegraph published on 4 February 2023.] Truss’s wider point is that on economic matters, everyone else – the IMF, the OBR and the bond markets – was out of step with her. She had a mandate and that should have been respected. It is an odd argument for someone who professes to believe in markets. If your fiscal policies require you to borrow an additional £72bn, it is an unavoidable reality that you have to pay a lot of attention to what the people lending the money to you think. If they do not trust you, they will demand a higher price for lending to you.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "[In response to Truss's essay for The Telegraph published on 4 February 2023.] Truss’s wider point is that on economic matters, everyone else – the IMF, the OBR and the bond markets – was out of step with her. She had a mandate and that should have been respected. It is an odd argument for someone who professes to believe in markets. If your fiscal policies require you to borrow an additional £72bn, it is an unavoidable reality that you have to pay a lot of attention to what the people lending the money to you think. If they do not trust you, they will demand a higher price for lending to you." in the context of "David Gauke "Liz Truss’s essay shows she is as deluded as ever" The New Statesman (5 February 2023)." to mean that wisdom is timeless.