Scotonomics Episode 1 June2021 - Economic Sovereignty

SCOTONOMICS. Nourishment for independent minds.

Economics professor Fadhel Kaboub https://twitter.com/FadhelKaboub Outlines what it means to have true economic sovereignty. He discussed how and why small/medium sized nations like Scotland must strive for sovereignty.

Monetary sovereignty is the most important aspect of sovereignty and this underpins an economy. Monetary sovereignty allows a government to issue (its own) currency rather than use (another countries) currency.

As well as monetary sovereignty Fadhel outlines the importance of food security, technological capabilities and energy security as three more ways that countries protect their sovereignty. Fadhel covered Scotland, the nation's relationship with the rest of the UK and Europe (and was strongly against Scotland joining the Euro) and Singapore and Tunisia to expand on his ideas of sovereignty. Fadhel also, briefly, covered Modern Monetary Theory.