Richard Murphy’s Journey to Yes

Richard Murphy is a political economist. You  might have come across his blog TaxResearchUK which is much, much more interesting reading than you might guess from it’s title! For example “It’s time the BBC learned that all money is made out of thin air.” and “Has Carney taken leave of his sense?” Carney being the Chairman of the Bank of England.

Recently he wrote about the inadequacies of the GERS (Governement Expenditure & Revenue Scotland) figures. If you read my blog you’ll have spotted me trying to makes me sense of them and what they say about the Scottish economy. According to Richard, I shouldn’t waste my time as they are not fit for purpose. Or to be more precise not fit if your purpose is to make sense of the Scottish economy. On the other hand if your purpose is to obfuscate the likely state of an independent Scottish economy, they do an admirable job. He has written several posts about GERS, for example “Why economic data provided by London will not help the Scottish independence debate” and  “More on Why GERS might properly be called crap data” .

In this video he talks about he see sees leaving the UK as the only way for Scotland to reach its full economic and human potential.  The prize is a better Scotland. He takes about the economic forces powering the Yes movement, he dismantles the case for GERS and looks at the key issues of currency, investment and taxation that must be addressed to win the independence argument. Worth a listen….