Right, that's me finished reading The Scottish Sun. Rupert's boys have done a sterling job of publishing my outrageous ban from the Calcutta Cup. Nice one lads, lots of new programmes for you guys when Rupert and I launch Sky SBC.
Anyway, I was flinging a few more banned documents on the fire when I came across this paper by economist Dr Angus Armstrong:
National Institute Economic Review No. 219 January 2012
nimodel.niesr.ac.uk/logon/nigem/nigemsw/12-1/wdjan12-press.pdf
It's all about the fiscal choices for my New Mediaeval Scotland and it has the temerity to suggest that independence will bring implicit financial restraints on economic policy, especially fiscal policy, that are otherwise absent whilst Scotland remains chained in thrall to our English masters. The author goes on to suggest that if we adopted the Euro or Sterling then our inability to print money opens us up to the risk of default. I hate to say it comrades but it fairly put the wind up my kilt.
I mean, it suggests that in both the cases of the Euro and Sterling currency control would effectively lie outwith my hands. In effect, we'd have no control of our own currency and we'd go bust if a Shred II emerges from the ashes of the Scottish banking sector.
So, with the Euro and Sterling knocked on the head it looks like we need to get our plans for the Skinto into full implementation mode. But, I really don't know how that's going to work so I've tried phoning one of the three Nobel Prize Winning members of my
Economic Committee but I still can't seem to get a reply from any of them.
It's most annoying. That's been nearly a year now. Maybe they've moved.
No comments:
Post a Comment