Great British Debt – is it all a Big Con? Would an Indy Scotland have to pay off some of UK Debt?

Our guest this week is William Thomson from Scotonomics. We challenge William with our questions. He tackles those and shares his own thoughts on independence, Modern Monetary Theory and the economic situation in general.

Great British Debt. A Big Con? Scotonomics. Scottish Independence Podcasts

Main topics:

  • 02:00 Q1: Can Scotland afford to be independent?
  • 06:38 Q2: But what about inflation?
  • 11:37 Q3: What about the Deficit?
  • 16:48 Q4: Should Scotland repay UK debt?
  • 20:15 Q5 But doesn’t borrowing create debt?
  • 31:13 Q6 How will Scotland manage the economy?
  • 32:25 Q7: Does independence mean a decade of austerity?
  • 41:42 Q8: EU or EFTA?
  • 47:13 Q9: What if we had voted YES in 2014?
  • 49:05 Q10 Next Steps?

Still have questions? Let us know in the comments.

Want to know more?

  • You can watch the Scotonomics show every week on IndependenceLive YouTube channel
  • the articles William refers to are on the Scotonomics website
  • find out about this year’s Festival of Economics
  • We asked Tim Rideout and Ian Stewart a similar set of questions a couple of years back when ScotGov brought out their Economics for an Independent Scotland paper. You can watch the video of that or listen to the audio version.
  • Modern Monetary Theory has its supporters and its critics. We explored it with Jim Byrne about a year ago in a podcast called MMT – Economics for and Indy Scotland?. There’s an audio version of that here. Jim has written about MMT in ByLines Scotland. Details of that on our blog.

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