I just came across a quite interesting point of view. Former UK Prime Minister Liz Truss recently revisited her thoughts on the UK economy in public, especially regarding monetary policy and the devaluation of the pound. You might remember she served less than 50 days as Prime Minister in 2022 before stepping down, but her previous experience at the Treasury gave her an in-depth understanding of the UK’s economic structure.

Liz Truss believes that the fundamental cause of the UK's decades-long stagnation is not elsewhere, but in the continuous devaluation of the pound and long-term mistakes in monetary policy. She pointed out that a large amount of new money entering circulation has driven up inflation, which has become a long-term threat to the stability of the UK economy. More interestingly, she mentioned that during her time at the Treasury, she was exposed to Bitcoin, attracted by its emphasis on privacy and autonomy, considering it a strong counterpoint to traditional financial systems.

One of her core views is: discussions about monetary policy have almost become taboo in government and academia. This silence itself reflects the severity of the problem. Liz Truss believes that many economic issues stem from money itself losing its value and the lack of a sound monetary system.

From a broader perspective, Liz Truss opposes further centralization of the financial system. She criticizes high taxes, cumbersome regulatory rules, and rising energy costs as obstacles to entrepreneurship. She observed that slow economic growth and expanding government intervention form a vicious cycle, ultimately leading to long-term economic decline. She also specifically mentioned the market crisis during her tenure as Prime Minister in 2022, believing that storm exposed systemic deep-rooted problems, such as the over-leverage risk of pension funds.

After leaving the Prime Minister position, Liz Truss shifted toward a new political direction, advocating a movement centered on sovereignty and freedom. She recently promoted the CPAC UK conference, aiming to strengthen social unity through dialogue. Her stance is clear: scattered short-term remedies cannot save the UK; what is needed are fundamental reforms. She bluntly stated: the UK is either heading towards the edge of a cliff or making profound changes. This viewpoint has resonated with those concerned about economic sovereignty and financial independence.