(In Bill Mitchell-en Oh Scotland, don’t you dare! – Part 2: http://bilbo.economicoutlook.net/blog/?p=39506)
Derek Henry says:
It’s probably more simple than that. The SNP have no idea how the monetary system operates. That is pretty clear in my opinion. Just from Nicola’s comments alone you can see she simply doesn’t get it.
The people they ask for advice are the usual Oxbridge, Ivy league economists that have been brainwashed in nonsense. The business School, banking set have their finger prints all over it.
They walked into every trap set by the Smith Comission and playing about with taxes was a huge mistake when you don’t control your own currency.
The common Weal are trying and have made huge strides over the last few years. However, we are all just falling short of winning the economic arguement.
This is a step in the right direction and we all just have to keep applying the pressure on the SNP until they get it and start listening to us. We even have certain Scottish MP’s who are now following Stephanie’s twitter feed all of which can only be a good thing.
A change of Paradigm takes time and I think we are seeing the start of that process. Then you see a change at the ballot box.
Take Italy for example. MMt’rs have been camped over there for at least 5 years now and generated huge interest with the MMT summit in Rimini. The Italians now know how to go back to the Lira the correct way and it shows at the ballot box.
These things take time.
Scotland needs a MMT summit similar to what’s what’s been going on in Italy and we just need to keep on applying the pressure.