Tag Archives: Scotland

The GND proposed in the US already includes a JG. Now it looks like Scotland is in play, too. Asked if a Job Guarantee would be part of her vision for a Scottish Green New Deal, [First Minister] Nicola Sturgeon says: “‘Yes’ is the short answer.” A Job Guarantee would involve the state acting as an ‘employer of last resort’ to the unemployed, and was last year proposed in the United States by Senator Bernie Sanders Finance Secretary Derek Mackay warns that more powers over employment law...

First, of course I welcome this. Second, a job guarantee is a logical part of a Green New Deal, which offers work in every constituency by ensuring jobs are available everywhere to transform our green infrastructure, and most especially our housing. Third, it has to then be noted that this policy is linked to modern monetary theory, which is the only current school of economic thought that makes full employment for those who want work its core objective. And fourth, and inevitably, this...

This is the second and final part of my series on Scotland as I prepare for a visit to Edinburgh and Glasgow this week. You can see the details from my – Events Page – and I urge interested readers to support the events that are run by activists. I will be talking about issues pertaining to the monetary arrangements that might accompany a move to Scottish independence. I have noted in the past that this is a controversial issue in itself that is also made more divisive because it has become...

Professor Stephanie Kelton to join group of economics advisers to new MMT Scotland group New Scottish economics group to argue for Modern Monetary Theory policies for independent state. Some of the worlds most influencial MMT advocates to join advisory panel, including key Sanders 2016 campaign adviser Prof Stephanie Kelton. MMT part of a new wave of economic thought around the developed world. Heterodox economic school sets economic thinkers in opposition to Growth Commission...

MMT for Scotalnd. Scotland for MMT.Common Space5 big ‘rock the boat’ ideas the indy movement could take from Alexandria Ocasio-Cortez Ben Wray

This is Part 2 in my two-part series analysing the 354-page report from the Scottish Growth Commission – Scotland – the new case for optimism: A strategy for inter-generational economic renaissance (released May 25, 2018). In Part 1, I considered their approach to fiscal rules and concluded, that in replicating the rules that the European Commission oversees as part of the Stability and Growth Pact, the newly independent Scotland would be biasing its policy settings towards austerity and...