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SNP hails US economic author's support for iScotland

The SNP has hailed comment from a distinguished US publishing house welcoming the prospect of Scottish independence.

Slate, an economics website run by former Washington Post owners Graham Holdings, said "small countries are generally a lot better run than the bigger ones".

In an article circulated by the SNP, Slate business and economics correspondent Matthew Yglesias said: "Scotland's independence referendum later this year hasn't gotten much coverage in the United States and most of the coverage I have seen has largely reflected the international community's knee-jerk hostility to the redrawing of borders.

"But I have to say that my priors go in the other direction, and I'm favourably disposed.

"The main reason is that it seems to me that in the European context where everyone is a stable democracy with a mixed-market economy, the small countries like Netherlands, Denmark, Finland, etc are generally a lot better run than the bigger ones.

"For one thing, smaller countries have simpler institutional arrangements since you're not trying to accommodate size by embedding complicated federalism mechanisms into the already complicated framework of the European Union.

"But for another thing, I think the debate over welfare state design gets more sensible when you're talking about a small jurisdiction. A place like Scotland is a sufficiently small share of the United Kingdom that it makes sense for a Scottish political activist to be more focused on 'how much money does this program bring to Scotland?' than on 'how good is this program at generating social benefits in a cost-effective way?'

"An independent Scotland, like an independent Wallonia or other possible new European mini-states, would have politics that I think would ultimately be more constructive."

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