Having austerity during low rates and fiscal expansion during high rates is a pretty bad idea. However, if your currency is NOT the US dollar, then its a catas

Having austerity during low rates and fiscal expansion during high rates is a pretty bad idea. However, if your currency is NOT the US dollar, then its a catastrophically bad idea. In short: Truss and Kwarteng are intellectual lightweights whose economic ideas make for funny reading* but in reality are a recipe for disaster. Their line of delusional thinking can be traced directly to Brexit, when the UK lost their collective minds. *https://en.wikipedia.org/wiki/Britannia_Unchained https://en.wikipedia.org/wiki/Britannia_Unchained