Paul Krugman DTMrekin bat, Eskozia tartean

Kanada eta Eskozia analizatuz, moneta jaulkitzailea eta moneta erabiltzailea desberdinduz, Espainia euroa erabiltzailea dela esanez eta euroguneko arazoak aipatuz, honela dio Kugman-ek[1]: “an independent Scotland using Britain’s pound would be in even worse shape than euro countries, which at least have some say in how the European Central Bank is run.”

Badirudi Krugman-ek azkenean DTM-ren puntu nagusia onartzen duela.

Gauza bera azpimarratu du Lambert Strether-ek[2]:

Paul Krugman adopts key MMT talking point.

William Balck-ek dioen moduan[3], kontua da Krugman-en  baieztapena ia zuzena dela, baina… Krugman-ek ez duela aipatzen gaurko egoeran, moneta batasunean, hots, Eskozia libra esterlinaren esparruan egonda, Eskoziak ez daukala moneta subiranorik, subiranotasuna ez daukalako.

Izan ere, dakigunez, subiranotasunak moneta propioa eskatzen du[4].

 

 

 

[1]  Ikus http://www.nytimes.com/2014/09/08/opinion/paul-krugman-scots-what-the-heck.html?hp&action=click&pgtype=Homepage&module=c-column-top-span-region&region=c-column-top-span-region&WT.nav=c-column-top-span-region&_r=2.

[2] Ikus http://www.correntewire.com/paul_krugman_adopts_key_mmt_talking_point.

[3]  Ikus http://neweconomicperspectives.org/2014/09/mick-jagger-gordon-brown-paul-krugman-lead-charge-british-rule-scotland.html.

Ingelesez:

Krugman’s column does pose a special challenge for those of us who understand Modern Monetary Theory (MMT) and Krugman’s increasing embrace of MMT.  Krugman’s central point in his column is almost correct.  He warns that not having a sovereign currency is dangerous for the reasons MMT has long explained and Krugman now accepts.  (Bizarrely, Krugman still denounces MMT for taking positions that MMT scholars do not in fact take and he keeps making the same strawman arguments no matter how many times my colleagues and I point out that MMT scholars do not take the positions he ascribes, without citation, to MMT.)

Krugman is correct that not having a sovereign currency is a risk and that Scotland would be far better off recovering all aspects of sovereignty, including its once sovereign currecy.  That is politically impossible in Scotland (as it is in Ecuador as I have explained previously).

What Krugman does not explain, however, is that Scotland already lacks a sovereign currency because it lacks sovereignty and is part of a “union” in which it is a small, permanent, and often scorned minority.  Regardless of the vote on independence Scotland will lack a sovereign currency.  The English have a sovereign currency, the Pound, and they have had at all times under the “Union” the votes to set the UK’s economic and currency policies.  Scotland was helpless to prevent the insane austerity that crippled Scotland’s recovery from the Great Recession and forced it back into a gratuitous second recession.”

 

[4]  Ikus https://www.unibertsitatea.net/blogak/heterodoxia/2012/10/08/bill-mitchell-ek-eskoziaz/ eta  https://www.unibertsitatea.net/blogak/heterodoxia/2013/10/31/eskozia-independentziaranzko-bidean/.

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