Every interview since Liz Truss’s book Bank Job came out has asked her to apologise. We asked her what she’d actually do.

The former Prime Minister joins Hector Earley and Craig Whyte on Acequisition. Pushed on Hayek’s idea of abolishing central banks and letting private banks issue the currency, she says: “Philosophically, I completely agree with Hayek.” On the Governor of the Bank of England: “There’s no mechanism to remove Andrew Bailey, however terrible he is.”

She also tells us fiat money needs competition from Bitcoin and alternative assets, why Javier Milei couldn’t abolish Argentina’s central bank, how the establishment “tanked the Tesla share price” and uses lawfare against people’s companies, what the UK economy looks like priced in gold, and whether she’d stay in Britain if she were 25. Then the full story: the Governor who wouldn’t meet her, the gilt crisis, the mini-budget, and her one condition for coming back: “I don’t want to be any bureaucrat’s autopen.”

00:00 Liz Truss on abolishing central banks
00:49 Introduction
01:34 Hayek, abolishing central banks and “however terrible he is”
03:48 Pushed on it: “I like the idea in principle”
04:44 Javier Milei and Argentina
05:17 Musk, Tesla and lawfare
05:48 The UK economy priced in gold
06:42 If you were 25, would you stay in the UK?
07:42 Why the Governor wouldn’t meet the Prime Minister
09:51 Why the Governor can’t be sacked
11:30 Treasury appointments and the gilt crisis
13:47 Has she always been a libertarian?
15:19 30 years of stagnation and a stealth tax
15:52 Inflation statistics and HMRC
16:40 Why the mini-budget was fought
18:46 “Creeping towards communism”
19:39 The deep state and the warning shot
21:26 The OBR and £3 trillion of debt
22:09 Britain in 2040 and the size of the state
24:20 Regulation and investment zones
25:12 Bringing business people into government
26:42 Would she come back? Quick-fire round

Liz Truss’s book: Bank Job
Watch Acequisition on YouTube: youtube.com/@acequisition

Not investment advice. For information and education only. The views of guests are their own.