In this short interview, Stephanie Kelton, author of the Deficit Myth, explains to MMT Economist Steven Hail what happened in the UK following Liz Truss's mini budget in October.

Stephanie explains:

1. The issue was fiscal and monetary policy not working in tandem
2. The outcome could have been predicted by an MMT framework
3. That eventually the UK government through the central bank intervened to keep interest rates low
4. The Central bank would have been forced to follow government policy if Truss et al hadn't "blinked first"
5. Highlights that this could be a false flag for policymakers worried about spending

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