IT’S been really interesting to start the year with a debate over Modern Monetary Theory. I think it speaks well of the independence movement that we’re even looking at these important issues, thinking which is woefully absent from much of the UK economic debate.

For those who haven’t seen it, it was started by Gordon McIntyre Kemp of Business for Scotland in his National column which drew responses from Richard Murphy, George Kerevan and Cameron Archibald among others.

I won’t go into all of the details of MMT here – the articles above all provide a decent primer.

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