The plan Liz Truss proposed was to scrap the top rate of income tax, i.e. giving a tax break to the rich.
And the markets, understanding that it was exactly what the economy needed, reacted accordingly. By crashing.
I'm wildly interested what's your (and hn community's in general) proposed macro policy mix. When accounted for workforce changes (demography+participation), there was absolutely no economic growth in all developed EU economies (+UK) since the GFC. Zero productivity growth.
That's stark difference compared to US. Did Europe over-auster when US massively increased it's debt? But , as above-mentioned example shows, fiscal expansion can be challenging…