Got a reply to Krugmans blog on Scotland here. Respected economist Paul Krugman, a vociferous opponent of austerity, has turned his attention to the Scottish independence debate. With less than two weeks to the vote, and with considerations over the economy at the forefront of the argument, there’s no doubt that his voice will be taken as an authoritative intervention. It’s a shame, then, that his brief analysis has a glaring hole in the middle: the UK’s trade deficit... We can return to Krugman’s analogy. It isn’t Scotland that’s like Spain. With its gaping trade deficit and its housing bubble, it’s the UK.
Posted on: Tue, 09 Sep 2014 08:25:59 +0000
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