Scottish Independence: Not That Big a Deal in Today's World
Simon Lester Yesterday, my colleague Doug Bandow blogged about Scottish independence, concluding with the following: “Whatever the Scots choose on September 18, Americans should wish them well.” I just wanted to add a quick point here, drawing on something law professor Eric Posner said on this issue: “the benefits of a large country—mainly, security and a large internal market—are of diminishing significance in a world of free trade and relative peace.” To me, this is a very important consideration. If Scottish independence meant an increased chance of war or high tariffs designed to separate t...
Source: Cato-at-liberty - September 12, 2014 Category: American Health Authors: Simon Lester Source Type: blogs

Why Is Barack Obama Lecturing Scotland about Its Independence Vote?
Doug Bandow Polls show a close vote over Scottish independence.  It is a momentous decision, but why is President Barack Obama bothering the Scots with his opinion? Until recently virtually everyone outside of Scotland believed that the Scots would deliver a solid no vote.  But many in the UK’s north feel disenfranchised.  More fundamentally, many Scots reject the more vibrant market system which characterizes the UK as well as U.S.  The tightening race has created panic in Westminster.  Now the three largest national parties are promising to pass along additional powers to the Scottish assembly...
Source: Cato-at-liberty - September 11, 2014 Category: American Health Authors: Doug Bandow Source Type: blogs