If Unionists cry “government deficit” we respond with “public surplus”.The GERS debate, whilst healthy and engaging, is still largely stuck in an endless loop that is framed within orthodox and illiterate economic language. Discussing economics with one eye shut leaves voters misinformed, when they deserve a more honest and robust analysis of our economic systems....
The National (Scotland)
GERS, Scotland's deficit, and why we're getting it all wrongCAMERON ARCHIBALD, MODERN MONEY SCOTLAND
This sort of article really doesn't help.
ReplyDeleteScotland's government deficit is a problem for as long as they continue to use GBP. They don't own the Bank of England, and wouldn't be getting any control of it is they walked out of the UK.
And unfortunately the Scottish Reserve Bank people make Elvira Nabiullina look like an MMT fan, obsessing as they do about foreign currency reserves.
They should get Footsoldier in there to straighten them all out…
ReplyDelete"They should get Footsoldier in there to straighten them all out…"
ReplyDeleteHow do you think it came into being in the first place?