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Foolish to regard the Cato Institute's views of Scotland as worth following

I note the Cato Institute has described Scotland as one of the poorer and more socialist parts of the United Kingdom ("US think tank: Scotland most socialist part of Great Britain", The Herald, December 11).

It is entitled to its views but it is perhaps worthwhile mentioning what the Cato Institute does think is a sound economic policy. Before 2008 it was prominently promoting Iceland as the model other countries should follow with the country having adopted a flat tax, privatised many enterprises and running a deregulated banking system.

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