I see that in a letter to the FT on 24 January, Professors Andrew Hughes Hallet and Drew Scott are asserting that on fiscal and monetary policy in an independent Scotland
"Scotland has .. thought the options through and counted their cost."
The letter makes some sensible points about the likelihood of co-operation between the remaining UK (rUK) and Scottish fiscal and monetary authorities post independence. This is a useful antidote to the scaremongering that comes from some union supporters. But their self-appointed claim to speak for Scotland needs to be supported by evidence.
The First Minister's recent pronouncements on monetary and exchange rate policy post independence give the impression of being made up on the hoof. If the Scottish Government or the Scottish Council of Economic Advisers have undertaken a detailed analysis of the options and cost then I would request publication. If not, then I would urge them to document and publish their thinking.
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