Former Salmond advisor casts doubt on currency union
Alex Salmond’s plans for a currency union should Scotland vote for independence have suffered another setback.
Alex Salmond’s plans for a currency union should Scotland vote for independence have suffered another setback.
The threat from deflation has been a regular theme for discussion amongst the economists linked to the Green New Deal group over the last few years and rightly so.
With evidence overwhelmingly pointing to the need for demand boosting measures to kick-start the economy, we need to ask City economists the same question that John Maynard Keynes asked when challenged about his change in economic policy to tackle the Great Depression in the 1930s:
“When my information changes, I alter my conclusions. What do you do, sir?”