Misplaced plan
Mr MacDonald is far from being the only economist who has voiced that opinion, one which I share. After the atrocious debate between Alex Salmond and Alistair Darling last week, if Scots vote No on 18 September, the person to blame will be Alex Salmond and his obsession with a currency union.
Opinion is supposed to be divided about who “won”, Salmond or Darling, but there is absolutely no doubt about who lost – the people of Scotland and the cause of independence. Since the debate, Salmond’s arguments in favour of a currency union and his attempts at damage limitation, have been even more ludicrous.
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Hide AdInstead of hammering at Salmond to “give us your Plan B”, Darling should simply have asked: “How does giving direct control of Scottish interest rates, borrowing powers, and therefore indirectly, fiscal powers, to London and the Bank of England, make Scotland independent?”
Jim Fairlie
Heathcote Road
Crieff, Perthshire