Why do national debts matter and what can be done about them? By Publius

The calamitous collapse of Liz Truss’ Prime Ministership in the UK was due to her failure to appreciate just how concerned global ‘markets’ have become about the high levels of UK government debt. Prior to her ‘mini-budget’ and energy price cap policies, the UK ratio of net government debt to GDP was roughly 100%. Her policies, if implemented, would hav…