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Economists Urge Scotland to Vote No......
HAMISH_MCTAVISH
Posts: 28,592 Forumite
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Comments
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They're all scaremongers and are in cahoots with dastardly Westminster.
Don't blame me, I voted Remain.0 -
mayonnaise wrote: »They're all scaremongers and are in cahoots with dastardly Westminster.
And traitors. They'll be in trouble come the day of reckoning.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Economists have a very good record at producing accurate forecasts... remember how they saved us from suffering enormous losses by predicting the 2008 financial crash. Their forecasts of the probable consequences of Scottish independence are likely to prove equally reliable.
In one respect they are right: a currency union between Scotland and rUK would be sensible, but has been ruled out of the question for bad political reasons. However, that is not of overwhelming importance: Ireland had a currency union with the UK from independence until about 1978, and leaving that union did not cause any particular problems for anyone.0 -
Voyager2002 wrote: »Ireland had a currency union with the UK from independence until about 1978, and leaving that union did not cause any particular problems for anyone.
Being in the currency union, however, wasn't particularly great for Ireland.0 -
Voyager2002 wrote: »Ireland had a currency union with the UK from independence until about 1978, .
Glad you brought that up.....
http://www.telegraph.co.uk/finance/comment/11095989/Unions-priceless-history-of-togetherness-with-Scotland.html“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Voyager2002 wrote: »Economists have a very good record at producing accurate forecasts... remember how they saved us from suffering enormous losses by predicting the 2008 financial crash. Their forecasts of the probable consequences of Scottish independence are likely to prove equally reliable.
In one respect they are right: a currency union between Scotland and rUK would be sensible, but has been ruled out of the question for bad political reasons. However, that is not of overwhelming importance: Ireland had a currency union with the UK from independence until about 1978, and leaving that union did not cause any particular problems for anyone.
Ireland didn't have a currency union with the Uk
they adopted the Panama solution
I believe the Scots are going to call that the Darien solution when they adopt it.0 -
Ireland didn't have a currency union with the Uk.
I also thought they didn't have a currency union. Ireland had the punt that they pegged to the pound but was a different currency.
In the 1970s, the European Monetary System was introduced. Ireland decided to join it in 1978, while the United Kingdom stayed out.[5]The European Exchange Rate Mechanism finally broke the one-for-one link that existed between the Irish pound and the pound sterling; by 30 March 1979 an exchange rate was introduced.0 -
HAMISH_MCTAVISH wrote: »
Some might see that image as also being a perfect description of those predicting ever rising UK house prices
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I also thought they didn't have a currency union. Ireland had the punt that they pegged to the pound but was a different currency.
In the 1970s, the European Monetary System was introduced. Ireland decided to join it in 1978, while the United Kingdom stayed out.[5]The European Exchange Rate Mechanism finally broke the one-for-one link that existed between the Irish pound and the pound sterling; by 30 March 1979 an exchange rate was introduced.
yes
after independence in 1922 they used the GB pound as per panama situation which is of course open to any country
in 1927-8 they introduced the irish pound, the punt which they tied to the UK pound until 1979 when the punt floated.
Ireland then linked itself to the Europe monetary system and became part of the Eurozone in 2002.
Ireland never had a currency union with the UK after independence.0
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