As in Catalonia, in Scotland the independence movement is plagued by a nationalist neo-liberal bourgeoisie trying to usurp power via an independence movement. George Kerevan belongs to the left of the Scottish Natiional Party (SNP) and criticises in this article the finance policy proposed by neo-liberals of the SNP. As Richard Murphy writes: “There are, again, errors in here: the deficit does have to be worried about, but how it is managed is entirely different using MMT.”
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Economist Abba Lerner’s work is the basis for Modern Monetary Theory
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