the Scottish independence issue
#2251
Re: the Scottish independence issue
Dunrovin:"Apparently, though, he"
He what?
Are you ok?
He what?
Are you ok?
Last edited by Hotscot; Sep 29th 2014 at 3:43 pm.
#2252
Re: the Scottish independence issue
Daily Mail story here. The DM page says scroll down for video, but I couldn't find it.
#2254
Re: the Scottish independence issue
I know there is no empire although some people in the south of England still believe there is!Im just making a point that I think the UK has underacheived big time.Another instance,Germany a country that had its industries almost completely destroyed 70yrs ago has an economy ,industry and exports that is miles better than the UK and didnt have the luxury of an empire!
#2255
Re: the Scottish independence issue
Valid economic points none of which would be solved by Independence in my opinion.
But certainly worsened.
But certainly worsened.
#2256
Account Closed
Joined: Mar 2004
Posts: 2
Re: the Scottish independence issue
Empire's cost, as the US is finding out.
Germany had a small one. Obviously tried for a much bigger one.
Germany had a small one. Obviously tried for a much bigger one.
#2257
Re: the Scottish independence issue
In the news today at the tory conference Osbourne announced the budget cuts of 25 billion,4 billion of that to hit Scotland,to cheers from the tory delegates.
I wonder if they have food banks in Germany!
#2258
Re: the Scottish independence issue
Last edited by Pulaski; Sep 29th 2014 at 5:12 pm.
#2259
Re: the Scottish independence issue
There have been many substantial reasons give as to why this would be a bad idea economically.
And no substantial answers on how Scotland would prosper.
Although it was a while ago you may remember some organizations were making plans to leave if Independence had passed.
Fortunately the majority of Scots were sensible in that regard although the minority do not seem to respect that decision as they had promised.
Sore losers that they are.
#2260
Re: the Scottish independence issue
We're going round in circles...
There have been many substantial reasons give as to why this would be a bad idea economically.
And no substantial answers on how Scotland would prosper.
Although it was a while ago you may remember some organizations were making plans to leave if Independence had passed.
Fortunately the majority of Scots were sensible in that regard although the minority do not seem to respect that decision as they had promised.
Sore losers that they are.
There have been many substantial reasons give as to why this would be a bad idea economically.
And no substantial answers on how Scotland would prosper.
Although it was a while ago you may remember some organizations were making plans to leave if Independence had passed.
Fortunately the majority of Scots were sensible in that regard although the minority do not seem to respect that decision as they had promised.
Sore losers that they are.
#2261
Re: the Scottish independence issue
To provide one possible answer to my question from last Saturday, had Alex Salmond discovered a money tree? You can't spend what you don't have, and I would have thought as a Scotsman you would understand that?
#2262
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: the Scottish independence issue
There are functioning, successful governments that disprove that thesis, year after year after year.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
#2263
Re: the Scottish independence issue
There are functioning, successful governments that disprove that thesis, year after year after year.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
Ok close the thread down if you want but what that means I have to speak spanish to the wife for 6 months.Roll on the next referendum oops there will be soon, the in out EU one!?
#2264
Re: the Scottish independence issue
There are functioning, successful governments that disprove that thesis, year after year after year.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
A country that controls its own currency can operate with deficit spending if it has sufficient GDP to support the debt. That leaves more money in the hands of the public, which can then spend and invest it to create more GDP that supports future deficits.
The Scots run a deficit, but so does the UK as a whole. Independence may not be a great idea, but that isn't a good argument against it.
#2265
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: the Scottish independence issue
For a country to control its monetary policy, it has to control its money.
In other words, a country has to have its own currency for this work. Not all of them do, with Euroland being the world's largest example of this. (The Greeks suffer because the Germans control the euro that the Greeks have to use, for example.)
Scotland would need to have its own currency in order for this to work. Joining the euro or keeping the sterling would limit its ability to operate with deficits, since it would not have much or any control over its ability to print money; the central bank has to be able to respond to local conditions.
In other words, a country has to have its own currency for this work. Not all of them do, with Euroland being the world's largest example of this. (The Greeks suffer because the Germans control the euro that the Greeks have to use, for example.)
Scotland would need to have its own currency in order for this to work. Joining the euro or keeping the sterling would limit its ability to operate with deficits, since it would not have much or any control over its ability to print money; the central bank has to be able to respond to local conditions.