Currency

Why we don’t need to fear inflation

Author / Creator: Richard Murphy

Media type: Video

Date published: 2022

What inflation is and how to cope with it.


Building a New Scotland: A stronger economy with independence

Author / Creator: Scottish Government

Media type: Report

Date published:

Scottish Government proposals for the economy of an independent Scotland.


The Road to the Scottish Currency

Author / Creator: Scottish Currency Group

Media type: Book

Date published: 2022

Q & A on the Scottish Currency


A Better Nation: The Challenges of Scottish Independence: The Challenge of Scottish Independence

Author / Creator: Simon Barrow

Media type: Book

Date published: 2022

Drawing on a range of original thinkers from a wide range of backgrounds, the book tackles key issues about money, culture, equality, energy, borders, jobs, Europe and other ‘big questions’ head on.


Building a New Scotland –an Outline

Author / Creator: Jim Osborne

Media type: Discussion Paper

Date published: 2020

Jim Osborne's view of what an independent Scotland might look like in government and the economic policies.


Soft Currency Economics II (MMT – Modern Monetary Theory

Author / Creator: Warren Mosler

Media type: Book

Date published: 1993

  • what is money;
  • why debt monetization and the money multiplier are myths;
  • how fiscal and monetary policy can be used effectuate full employment;
  • deficits do not cause countries to default on their debt unless that is the decision.


What Scotland can learn from Irish independence: it won’t control interest rates and inequality will widen

Author / Creator: Eoin McLaughlin

Media type: Article

Date published: 2022

Managing the transition [to independence] won’t be straightforward. Ireland’s experience shows that the need for fiscal discipline may be politically costly and adjustment may not be shared equally.


Would an independent Scotland have to use the Euro?

Author / Creator: Believe in Scotland

Date published:

‘No. Scotland would not have to use the Euro.’ 


Busting the old Unionist anti-indy myths. Open minds on Scottish independence #19

Author / Creator: Believe in Scotland

Media type: News Media

Date published:

This article looks at three myths about Scottish independence:

Myth 4: Business leaders are worried about the effects of independence.

Myth 5: A new Scottish currency would be difficult to establish

Myth 6: independence would threaten pensions


The SNP must rethink its economic model for an independent Scotland

Author / Creator: Laurie Macfarlane

Media type: Assessment report

Date published:

A critique of the Growth Commission's report. "Far from being an asset to the independence cause, the Growth Commission is its biggest liability. It’s time, as we say, ‘tae think again’."


Setting up a Scottish Banking System

Author / Creator: Peter Ryan

Media type: Policy Paper

Date published: 2020

A Scottish central bank will need to be set up to oversee the creation of a new Scottish currency. It will be the competent authority providing regulatory oversight of the banking system.


The SNP must rethink its economic model for an independent Scotland

Author / Creator: Laurie Macfarlane

Media type: Assessment report

Date published:

Scotland can become a successful independent nation. But that plan needs to come from the 2020s. And it needs to come from a broad cross section of civil society, not just business groups. Far from being an asset to the independence cause, the Growth Commission is its biggest liability. It’s time, as we say, ‘tae think again’.


Would an independent Scotland have to keep the pound and cut public spending?

Author / Creator: Joël Reland

Media type: Fact check

Date published:

Public spending in an independent Scotland could continue to grow. This does depend on sufficient growth in the economy after independence.


Scottish Sovereignty Research Group

Author / Creator: Scottish Sovereignty Research Group

Media type: Web site

Date published: 2020 -

The objectives of the Scottish Sovereignty Research Group:

  • Research means to become independent which will be legally recognized other than through a Westminster sanctioned referendum
  • Continue to develop a written constitution.
  • Hold a broad survey among Scots to determine what kind of country they would like to see


Scottish Currency Group

Author / Creator: Tim Rideout

Media type: Facebook group

Date published:

People working towards the introduction of a Scottish Currency 'as soon as practicable' after Independence Day.   A Facebook group.


Scottish Reserve Bank

Author / Creator: Tim Rideout

Media type: Blog

Date published:

The Scottish Reserve Bank website attempts to clear up many of the deliberate myths surrounding the establishment of a new Scottish currency 


Let’s get Scotland’s banking right

Author / Creator: Common Weal

Media type: Video 2:09 minutes

Date published: 2020

Banking has lost its way, forgetting that it should be serving its customers and not exploiting them. But a mutually-owned People’s Bank can change this.

Video: 2:09 minutes


Response to latest [2020/1] Government Expenditure and Revenue Scotland (GERS) estimates

Author / Creator: David Phillips

Media type: Assessment report

Date published:

The large debts shown by the 2020/1 GERS are temporary and not structural.  They do not indicate that Scotland cannot afford to be inedpendent.


How to make a Currency: A Practical Guide

Author / Creator: Peter Ryan

Media type: Policy Paper

Date published: 2016?

This is the most detailed and authoritative paper yet produced on how to introduce a Scottish currency in the event of independence.


Claiming Scotland’s Assets: A discussion paper on the division of assets and debts to an independent Scotland

Author / Creator: Craig Dalzell

Media type: Policy Paper

Date published: September 2016

The “zero option” approach to UK debt whereby the rUK is allowed to maintain its claim as the continuing state to the former UK and to adopt all mobile assets and liabilities is the appropriate stance.