One comment

  1. I totally agree that currency unions, currency boards and Montenegro style currency substitution are all a bad idea. What I don’t think is being discussed enough is how Scotland could have its own good floating currency. The issue of what to do with Scotland’s share of UK treasury debt could also be dealt with in a constructive way too. I had a go post about that:

    http://directeconomicdemocracy.wordpress.com/2014/02/17/lets-be-constructive-about-currency-and-debt-arrangements-for-an-independent-scotland/



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