Modern Money Scotland

Independent think-tank offering economic analysis from a Scottish perspective.

[Modern Money Scotland @ModernMoneyScot]

❓ What do experts and economists think about Scottish independence?

📢 Below is a collection of quotes from both domestic and international voices...

[Robbie Mochrie @EconomyofHope]

Still thinking about the Adam Smith Global Foundation’s Symposium on the Future of the Economy and Ed Balls and Stephanie Flanders interviewing Bank of England Governor, Andrew Bailey.

We seem to have lost Smith’s reasonable optimism and his faith in the capabilities of society.

[Dirk Ehnts @DEhnts]

"new regional banks that would then attract private investment for a huge programme of new subsidised homes."

Really, more private investment - and higher profits? Why remove Starmer for this?

[Jason Hickel @jasonhickel]

The imperial core has gained $15 trillion through exorbitant privilege since 1970, getting higher returns on foreign assets than what they pay on foreign debt. This privilege is financed by transfers from the global South, outstripping aid flows many times over.

[Richard Murphy @RichardJMurphy]

Ministers are actively turning what might need only be a crisis into a disaster https://t.co/JyTpONgegZ We have a food crisis coming our way - and ministers are completely ignoring it.

[Macro n Cheese Podcast #MMT @CheeseMacro]

🌍🏴󠁧󠁢󠁳󠁣󠁴󠁿New Episode!!
Scotland’s independence fight through the lens of class power, sectoral balances, and monetary sovereignty. @Williamgallus & @sdgrumbine on how EU-style fiscal rules and foreign ownership undermine real self-determination. https://t.co/gAW8gkLjc2

[Richard Murphy @RichardJMurphy]

Why is the left still terrified of the state’s power to create money?

In this video, I set out a straightforward truth, which is that modern governments create money every single day. That is the foundation of public authority in the UK and every other country with its own currency. The government spends money into existence — and then uses taxation, not to fund that spending, but to manage inflation, redistribute wealth, and steer the economy. And yet much of the political left denies this reality.

From Labour’s fiscal rules to tax justice organisations and NGOs obsessed with “fully funded” pledges, left-leaning politicians cling to the false belief that the state must:

- Tax before it spends
- Borrow from the markets to “afford” investment
- Balance budgets like a household

These ideas are myths — inherited from neoliberal economics and reinforced by the power of the City of London. And they severely restrict what democratic politics can achieve. When the left refuses to use the state’s power to create money, the consequences are enormous. It means:

- Unemployment becomes a choice
- Austerity becomes a choice
- Poverty becomes a choice
- Failing public services become a choice
- Climate breakdown by inaction becomes a choice

Because the truth is: money isn’t scarce. Political courage is. In that case, what this video explains is why the left fears being held responsible for the results of power, and why that fear must end. If democracy already has the tools to transform society, why aren’t we using them?

https://t.co/u7bHxLUI4x

[Macro n Cheese Podcast #MMT @CheeseMacro]

New Episode! 💰

Federal Reserve independence? Myth.
Who wins when the Fed hikes rates? Not you.

@sdgrumbine and OG Randy Wray give us a breakdown of the inner workings of this unruly creature of Congress & its detrimental effects on the working class.

https://t.co/9bgGuPC3Nh

[Prof. Steve Keen @ProfSteveKeen]

My analysis is up, and the numbers are shocking:

- 40% loss in potential prosperity over 40 years

- #US growth fell from 2.5% to 1.7% after Reagan

- #UK growth dropped from 2.4% to 1.75% after Thatcher

Meanwhile, #China ignored Western economists and achieved 8.5% growth by doing the OPPOSITE of what textbooks recommend!

Analysis attached in comments.

[Richard Murphy @RichardJMurphy]

Why the 1970s stagflation myth still misleads our politics https://t.co/PL3jXr85ij In this video, I unpack what really caused stagflation — and why repeating those mistakes today risks another lost decade for Britain.

[The National @ScotNational]

The Scottish Government is set to intervene on plans for a Scotland to Europe ferry, marking a significant step forward in plans ⬇️

[Modern Money Scotland @ModernMoneyScot]

Build your economic chops with @CheeseMacro
#economics

[Bob Leore @AylSud]

Real Progressives has produced so much quality content in its flagship @CheeseMacro podcast you'd have to listen to an episode a day for nearly a year to get through the entire library.

[Steven Hail @StevenHailAus]

Have I been called a grifter by a former advisor to the Labour Party. I am told 'a grifter is a person who swindles or deceives others, often using charm and elaborate schemes, to obtain money or possessions dishonestly'. I, like many, made a personal sacrifice to be an MMT-er.

[William Thomson @Williamgallus]

The Economics of Independence - Cardiff, 29th August. BOOK NOW. Includes an introduction to #MMT with Warren Mosler.
https://t.co/zyBIpCVpoT

[MMT Podcast (Christian Reilly) @MMTpodcast]

LIVE EVENT! 📣

🎤 THE ANTI-AUSTERITY CONFERENCE 12-13 September, Bristol

Anything we can do, we can afford!

🎤: @ZackPolanski @StephanieKelton @markjhooper @StevenHailAus @tianran @Williamgallus @PhilArmstrong58 @PatriciaNPino @sheridanvk

https://t.co/Pthxluef27

[MMT Podcast (Christian Reilly) @MMTpodcast]

If you like what we do, you can become a Patreon supporter of our podcast for as little as $1/£1/€1 (etc) a month and get early access to all our shows and to patron-only episodes. Bargain! 🤠👩🏻
https://t.co/RceOKtEmAj

[Richard Murphy @RichardJMurphy]

The UK can’t run out of pounds any more than it can run out of inches or centimetres. In this response to Gary Stevenson, I explain why money is a public good, created by the state, and why it’s wrong to claim the government is broke.

https://t.co/invDj0SURu

[Modern Money Scotland @ModernMoneyScot]

A thread from @Scotonomics1 on
#currency and #ScottishIndependence

[Scotonomics @Scotonomics1]

We are mentioned in an article in the Nation Wales. https://t.co/WdZmvrD38o (I am not sure if we are being called 'snake oil salesmen'?). A short thread on how/why Wales can't make the 'currency' mistake that Scotland did in 2014. 1/8

[Philip Armstrong 💙 @PhilArmstrong58]

I hope you enjoy the book 😊https://t.co/B2DnoEd6Du

[Robert Cauneau @robert_cauneau]

The deficit is the natural position of the state budget.
It's neither a mistake nor a mistake.
It's a reflection of private savings and the external deficit.
The real scandal ? That our leaders still haven't understood this.
https://t.co/Z7L4q3a8gK