{"id":18134,"date":"2014-09-09T15:35:40","date_gmt":"2014-09-09T19:35:40","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=18134"},"modified":"2014-09-09T15:36:32","modified_gmt":"2014-09-09T19:36:32","slug":"mick-jagger-gordon-brown-and-paul-krugman-lead-the-charge-for-british-rule-of-scotland","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2014\/09\/09\/mick-jagger-gordon-brown-and-paul-krugman-lead-the-charge-for-british-rule-of-scotland\/","title":{"rendered":"Mick Jagger, Gordon Brown, and Paul Krugman Lead the Charge for British Rule of Scotland"},"content":{"rendered":"<p><em>New Economic Perspective<\/em>s has the article <a title=\"New Economic Perspectives article\" href=\"http:\/\/neweconomicperspectives.org\/2014\/09\/mick-jagger-gordon-brown-paul-krugman-lead-charge-british-rule-scotland.html\" target=\"_blank\">Mick Jagger, Gordon Brown, and Paul Krugman Lead the Charge for British Rule of Scotland<\/a> by William K. Black.\n<link rel='stylesheet' id='font-awesome-css'  href='http:\/\/netdna.bootstrapcdn.com\/font-awesome\/4.0.3\/css\/font-awesome.min.css?ver=4.0.3' type='text\/css' media='all' \/>\n<i class=\"fa fa-flag fa-5x\" style=\"color: red;\"><\/i> &lt;spoiler-alert&gt;<\/p>\n<blockquote><p>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 currency.\u00a0 That is politically impossible in Scotland (as it is in Ecuador as I have explained previously).<\/p>\n<p>What Krugman does not explain, however, is that Scotland already lacks a sovereign currency because it lacks sovereignty and is part of a \u201cunion\u201d in which it is a small, permanent, and often scorned minority.\u00a0 Regardless of the vote on independence Scotland will lack a sovereign currency.\u00a0 The English have a sovereign currency, the Pound, and they have had at all times under the \u201cUnion\u201d the votes to set the UK\u2019s economic and currency policies.\u00a0 Scotland was helpless to prevent the insane austerity that crippled Scotland\u2019s recovery from the Great Recession and forced it back into a gratuitous second recession.<\/p><\/blockquote>\n<p><i class=\"fa fa-flag fa-5x\" style=\"color: red;\"><\/i> &lt;\/spoiler-alert&gt;<\/p>\n<p>I have not been following the situation in Scotland at all, but any time Bill Black takes Paul Krugman to task, it is worth reading.<\/p>\n<p>Of course, I suppose I have put up a spoiler as the quote.\u00a0 In the article Black tantalizes with hints as\u00a0 to what is wrong with what Krugman says.\u00a0 It is the anticipation of waiting for him to actually state the case that makes the article such a good read.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Economic Perspectives has the article Mick Jagger, Gordon Brown, and Paul Krugman Lead the Charge for British Rule of Scotland by William K. Black. &lt;spoiler-alert&gt; 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":["post-18134","post","type-post","status-publish","format-standard","category-stevegsposts","czr-hentry"],"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=18134"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18134\/revisions"}],"predecessor-version":[{"id":18136,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/18134\/revisions\/18136"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=18134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=18134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=18134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}