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Ken Mathieson's avatar

100% agreed: the para starting with "For Scotland to be in control..." nails it firmly. In the 2014 referendum my Yes Vote was done throught gritted teeth as the ecnomic policy deployed could never have succeeded and indeed it was the critical factor on which the Yes Campaign foundered. I vividly remember watching the Salmond v Darling TV debate in which Darling wiped the floor with Salmond on the currency/economy topic, at which point I went out for a walk, enraged by knowing that the campaign was lost regardless of the voting outcome. Even with a Yes vote, we could never control our economy and we could never activate the complex process of creating a new state from scratch without begging the UK Treasury to borrow and ultimately repay crippling amounts of sterling. Salmond claimed to have been an economist at RBS, but clearly knew nothing about the operation of a central bank, or the creation of money, or how the macroeconomy actually works.

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