This is CBS I on the world with John Bachelor.

Here's John Bachelor.

Sir welcoming Joseph Sternberg.

He writes political economics for the Wall Street Journal

editorial page.

He's based in London.

And Joe is taking me back to the moment that all of the bankers in England panicked,

at least according to the news, because something strange and unanticipated was happening to the gills.

That's the bonds that England issues.

And it was happening at the same time there was a new Prime Minister, Liz Truss, and a new Chancellor of the Exeter,

Quassee Quartung, both of whom in September of 2022 had introduced what you

was straightforward supplies-side economics

for growth for Great Britain.

And then, Joe, a very good evening to you,

and then part is what you said at the time.

They're blaming Liz Truss and quasi quartung's proposed budget

for what's happening with the g guilt and it's not them. That much I remember. I also

remember that there was no repeat of your observation by the major media press, the financial press, and Liz Trust was

defenstrated. A short time as Prime Minister replaced by R by Rishi Sunak.

What I'm learning from your most recent column

at the Wall Street Journal is that if the vote had gone the other way,

and Sunak had been in the PM job, and Liz Truss had been in the PM job and Liz Trust had been number two in the party vote.

...