Jon Hartley and Liz Truss discuss the former UK Prime Minister’s upbringing and her early interest in economics and politics, her pro-growth policy vision for the United Kingdom, her premiership and the 2022 UK gilt crisis, the state of free speech in the UK and the anglosphere, the Starmer Labour government, the role of the UK and its allies in the world amidst the rise of China, and the future direction of politics and the economy in the UK. Recorded on July 21, 2025. ABOUT THE SERIES Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information about the podcast, or subscribe for the next episode, click here.