Lessons from the fall of Liz Truss

There are lessons to be learned from the collapse of Prime Minister Liz Truss’s government in Britain. But the folly of cutting taxes and regulation is not one of them.

The case for freeing people from excessive government expropriation and interference is even stronger than when Truss moved into Downing Street on Sept. 6. She was clumsy and detached from market realities, but acknowledging that doesn’t suggest Britain will be better off with more big government, which is what it’s going to get.