Showing posts with label monetary policy. Show all posts
Showing posts with label monetary policy. Show all posts

Monday, 19 May 2014

Eck says Yes to English rule

Metro front page, on all the buses and trains this morning. Salmond says the Bank of England will run our monetary policy when we are a separate state and we will just have an observer on its monetary policy committee. Not even a member any more, just an observer.

THIS IS STUPIDLY NOT INDEPENDENCE.

Nice people must hope that Yes's determination not to say that the position around citizenship by descent will be open and not divide families, has had something to do with the second thoughts of the voters in the surge in Yes support a month ago, in the change to a surge in No support now. If we are not even going to be economically independent, but hand over our economy to the monetary policy committee of a different country whose government we can no longer vote for, then dividing families and ill-treating our diaspora with Jim Sillars' xenophobic shut doors becomes the only item achieved by the Yes offer at all.

Tuesday, 26 November 2013

Vote and seek

On the Scotsman's news page about the White Paper, a unionist commenter has already gone straight for the jugular, and correctly. Quoting: 11. Will an independent Scotland have control over monetary policy?

Day-to-day monetary policy would be decided independently of government by the Bank of England as it is now, taking account of economic conditions across the Sterling Area. The Scottish Government would seek formal input into the governance and remit of the Bank of England.


Effectively: we're bought and sold for English gold, such a parcel of rogues in a nation. An independent state will "seek" formal "input" into the central bank of another state, indeed of the state it has just seceded from. Sadly so ludicrous, and so unionist, it will be remembered all down Scottish history to come as suggesting Alex wants to lose.