I'd love to know why proposing borrowing to cover top-bracket tax rate cuts send... | Hacker News

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jeffbee on Oct 20, 2022 | parent | context | favorite | on: Liz Truss resigns as UK prime minister

I'd love to know why proposing borrowing to cover top-bracket tax rate cuts sends Britain spiraling into crisis but in America that is just how we do.

wbl on Oct 20, 2022 | [–]

Because the UK in 2022 is not the US in 2017. One had high growths and low rate expectations. The other had high inflation raising rate expectations, so the borrowing cost more.

Apocryphon on Oct 20, 2022 | [–]

Reserve currency of the world, baby!

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