Home2022November (Page 8)

In presenting her economic plan, Liz Truss failed spectacularly on one thing: cutting spending. Otherwise, a "tax cut" is not a tax cut at all. Original Article: "The Rise and Fall of Trussonomics" This Audio Mises Wire is generously sponsored by Christopher Condon. '

[Chapter 8 of Per Bylund's new book How to Think about the Economy: A Primer.] The Boom-Bust Cycle The economy’s constant flux is not random change but adjustments to the production apparatus in the pursuit of creating value. Value is a moving target because consumers want change over time