Is the new approach to economic policy of the Truss government important. Well, just look at the overreaction.
“It has been extreme” says the mild-mannered Tyler Cowen, who goes on to add:
“I certainly can see reasons why one might oppose the plan, but the skies are not going to fall.”
Criticism from many of the government’s opponents can be dealt with relatively briskly – it’s usually easy enough to pick out contradictions in their own recent testimony. Cowen again, with admirable restraint: