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William Thomson

@williameconomist.bsky.social
1.3K followers 232 following 768 posts

Political Economist and Scottish Republican. Founder of Scotonomics. www.scotonomics.org MSc Green Economy. M.Econ Economics of Sustainability. A troublemaker spreading radical ideas.

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William Thomson @williameconomist.bsky.social · 07/10/2026
The "Scottish National Investment Bank". When is a bank not a bank? And what other questions does SNIB's continued failure raise? Important thread (longer article link below) 1/8 www.patreon.com/ScotlandsPol...
patreon.com
The Scottish National Investment Bank - when is a bank not a bank? | Scotland's Political Economy
The Scottish National Investment Bank (SNIB) lost £138 million last year. It was its fifth consecutive year of losses. Banks aren’t supposed
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William Thomson @williameconomist.bsky.social · 22/09/2026
Raising interest rates will not reduce inflation. So why does it seem impossible to challenge this long-established response to rising prices? Legitimate concerns exist about central banks' current response. Not only from #MMT economists like me. Thread. 1/8
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William Thomson @williameconomist.bsky.social · 02/09/2026
And it is so popular with centralist politicians that an independent Scotland has agreed to follow it *before* it even becomes a member.
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William Thomson @williameconomist.bsky.social · 18/08/2026
What connects the climate movement and some high-profile socialist economic commentators? Learned helplessness of the monetary system. An example from Kevin Anderson and Aaron Bastani's discussion on Novara Media last week. Short thread 1/6
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William Thomson @williameconomist.bsky.social · 17/08/2026
"Knowing that the UK govt is not constrained in the way most people think is not the pivot for a new economy. No one could be that naive. But the knowledge provided by the #MMT lens pushes us towards a tipping point for a more socialist society." www.patreon.com/ScotlandsPol...
patreon.com
Newsletter #10 | Scotland's Political Economy
Knowing that the UK government is not constrained in the way most people think is not the pivot for a new economy or society. No one could b
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Ståle Holgersen @holgersen.bsky.social · 11/08/2026
Check out this stunning new masterpiece from my comrades in the @zetkincollective.bsky.social. *The Great Driving Right Show: Cars, Crisis, and the Rise of Fossil Fascism*, OUT TODAY, on @versobooks.bsky.social. Please order a copy or two, and share the excellent news!
versobooks.com
The Great Driving Right Show
Apocalypse is in the air. And the far right knows it. Since the pandemic, it has successfully cultivated crises, conspiracy theories, and coalitions to fight a green energy transition. Mobilising onli...
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@charleshb@mastodon.sdf.org @charleshb.bsky.social · 06/08/2026
A fascinating & compelling podcast episode. It will expand everyone's understanding of political economy. via Real( @realprogressives.bsky.social )Progressives Ep 389 - Voices of Political Economy & Struggle w/ William( @williameconomist.bsky.social )Thomson podcasts.apple.com/us/podcast/e...
podcasts.apple.com
Ep 389 - Voices of Political Economy & Struggle with William Thomson
Podcast Episode · Macro N Cheese · July 25 · 1h 8m
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William Thomson @williameconomist.bsky.social · 27/07/2026
"A good rule of thumb. If the UK does it now, do the opposite in an independent Scotland. Your economy won't go far wrong." www.thenational.scot/politics/262...
thenational.scot
The fiscal rules will ruin Andy Burnham. If we let them, they'll ruin Scotland too
Here is this month's Scotland's Resilient Economy newsletter, we hope you will enjoy. This week the newsletter comes from William Thomson
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Real Progressives @realprogressives.bsky.social · 27/07/2026
Who are some of our Macro N Cheese guests who helped you better understand MMT and/or political economy? Join us Tues. 7/28 @ 8 pm ET to listen to and discuss our latest ep ft. @williameconomist.bsky.social. Register: us06web.zoom.us/meeting/regi... #LearnMMT #PoliticalEconomy #ClassStruggle
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William Thomson @williameconomist.bsky.social · 15/07/2026
This paper discusses the Scottish Government decision to fund infrastructure investment through international capital markets rather than a retail bond to the Scottish public and/or Scottish institutions, specifically Local Government Pension Schemes. resilienteconomy.org/reports/
resilienteconomy.org
Reports - Resilient Economy
REPORTS Policy, Place, People, and Planet Contact Us REPORTS: from Runaway to Resilience Our reports provide a foundation for a resilient economy and support policymakers and the public in building pr...
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William Thomson @williameconomist.bsky.social · 13/07/2026
Reducing inequality - especially during our period of ecological crisis - means taking useless things away from those who have too much. And they are going to fight for it tooth and nail. Just ask Gary Stevenson. Short thread 1/5
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William Thomson @williameconomist.bsky.social · 10/07/2026
Why we don't need a wealth tax, but we do need to tax wealth. youtu.be/Iir0GP40_vw @richardjmurphy.bsky.social #MMT #TaxWealth
youtu.be
Why we need to tax wealth but a wealth tax is the wrong idea - Richard Murphy
YouTube video by Scotland's Economics Festival
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Manchester University Press @manchesterup.bsky.social · 08/07/2026
'It is a book that Andy Burnham and his advisors should read, you know, the ones who are interested in "stronger public control".' Read @williameconomist.bsky.social's review of @kbayliss.bsky.social's new book 'Privatising humanity' here: www.patreon.com/ScotlandsPol... Out now! #booksky
patreon.com
Privatising Humanity - Kate Bayliss REVIEW | Scotland's Political Economy
Where did it all go wrong? Kate argues that it was privatisation that did it. We all agree that the UK is in a mess. High and rising income
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William Thomson @williameconomist.bsky.social · 01/07/2026
The @scotgov wholesale bond programme runs counter to two major Scottish government policy frameworks, Community Wealth Building (CWB) and Scotland's Public Service Reform. Thread 1/5
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William Thomson @williameconomist.bsky.social · 30/06/2026
The Scottish government's Wholesale Bond Programme will ensure £170 million leaks out of the Scottish economy over the next decade. An retail bond would see a £120 million boost for Scottish households and businesses. So why is this ideas not being considered? www.patreon.com/ScotlandsPol...
patreon.com
Newsletter #8 | Scotland's Political Economy
The Scottish government's Wholesale Bond Programme will ensure £170 million leaks out of the Scottish economy over the next decade. An alter
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William Thomson @williameconomist.bsky.social · 22/06/2026
It's rare indeed that you find a detailed economic analysis in a Sunday newspaper. But when a "Bold new economic theory" gets this kind of coverage (double centre spread running to 4000 words), we can only describe it as an exceptional occurrence. 1/5
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William Thomson @williameconomist.bsky.social · 15/06/2026
In Scotland, lots of us have been enjoying an extra bank holiday to celebrate Scotland returning to the FIFA World Cup after 28 years in the wilderness! This week, I mainly wonder why mainstream economists never ever even consider non-monetary benefits. www.patreon.com/ScotlandsPol...
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William Thomson @williameconomist.bsky.social · 15/06/2026
In Scotland, lots of us have been enjoying an extra bank holiday to celebrate Scotland returning to the FIFA World Cup after 28 years in the wilderness! This week, I mainly wonder why mainstream economists never ever even consider non-monetary benefits. www.patreon.com/.../posts/do...
Scotland's political economy newsletter heading: the cost of a bank holiday.
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William Thomson @williameconomist.bsky.social · 08/06/2026
This week I consider the legacy of #AdamSmith. In Scotland, do we honour his desire for economic "inquiry"? Or do we simply sing from the same neoclassical script as every other populace? www.patreon.com/posts/newsle...
patreon.com
Newsletter#5: Adam Smith's Legacy. | Scotland's Political Economy
Newsletter#5: Adam Smith's Legacy. by Scotland's Political Economy on Patreon. Join Scotland's Political Economy's community for exclusive content and updates.
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William Thomson @williameconomist.bsky.social · 04/06/2026
A short section from my #MMT draft paper with Warren Mosler. We thought it would be useful as a short summary of the 'provisioning process' for an independent Scotland using its own currency. My choice to opt for Scottish Krona as the currency name! Is it as simple as this? Yes.
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William Thomson @williameconomist.bsky.social · 02/06/2026
"Warren Mosler's base case for analysis - the #MMT money story" www.youtube.com/watch?v=Vl81...
youtube.com
Warren's Mosler's base case for analysis - the MMT money story
YouTube video by Scotland's Economics Festival
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Graeme Beale @midfyffe.bsky.social · 02/06/2026
#PhD Students in Scotland - come and intern with Scottish Government - latest opportunities here: www.sgsss.ac.uk/internships/... including studies RESAS one crofting/farming. All opportunities are paid, and you can learn about real applied research. Please share. Deadline 15/06
sgsss.ac.uk
Current Opportunities - Scottish Graduate School of Social Science
INTERNSHIP OPPORTUNITIES Apply Now Current Opportunities Thank you for your interest in the SGSSS internships scheme. We do not have any opportunities available currently. Our next call for partner-le...
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William Thomson @williameconomist.bsky.social · 02/06/2026
Last week's UK Govt report, "Young people and work", opens with as stark a comment as one could imagine: "Nearly 1 million young people (16 to 24) in the UK are not in education, employment or training. 1 in 8 young people." What's the answer? 1/7 www.gov.uk/government/p...
gov.uk
Young people and work: interim report
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William Thomson @williameconomist.bsky.social · 27/05/2026
Scotland's Sectoral Balances updated for 2024 are now available. Some more general commentary here. www.patreon.com/posts/newsle... 1/6
patreon.com
Newsletter#3 | Scotland's Political Economy
Newsletter#3 by Scotland's Political Economy on Patreon. Join Scotland's Political Economy's community for exclusive content and updates.
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Niall Huggan @hugan.bsky.social · 18/05/2026
Fiscal rules and sectoral balances: a rough guide. Plus: why Burnham is not the answer to our deepening cost of living crisis. But he's apparently embraced populism and said he'd like to get rid of VAR. If that's more important to you. 😏
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William Thomson @williameconomist.bsky.social · 18/05/2026
Balance the economy, not the government's books! The challenge for any government should be to balance the economy, not to focus solely on the public finances. Short thread 1/6
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William Thomson @williameconomist.bsky.social · 18/05/2026
The second edition of my "Scotland's Political Economy" newsletter is out now! www.patreon.com/posts/newsle... Fiscal watchdogs overseeing fiscal rules will never balance the Scottish or the UK economy.
patreon.com
Newsletter#2 | Scotland's Political Economy
Newsletter#2 by Scotland's Political Economy on Patreon. Join Scotland's Political Economy's community for exclusive content and updates.
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William Thomson @williameconomist.bsky.social · 17/05/2026
Me in conversation with Richard Murphy. A fascinating interview exploring Richard's economic lens. Available now for FREE from the @scoteconfest.bsky.social YouTube channel. #MMT #ProgressiveEconomics @richardjmurphy.bsky.social youtu.be/peEiERqwTH4
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Climate Risk Economics @climateeconomics.bsky.social · 13/05/2026
New CDP report on extreme weather: Companies project $898 bn in future losses, inc. $527 bn from flooding The largest single financial risk effect is lost revenue from reduced production capacity: "operational disruption is the defining financial exposure" www.cdp.net/en/insights/...
cdp.net
Disconnected Defenses: Extreme Weather Risk Across Corporates, Cities and Financial Systems
Extreme weather is already shaping financial outcomes across the real economy.
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Bylines Scotland @bylines.scot · 05/05/2026
Tune into the Bylines Scotland elections livestream this Friday, 10.30am-7.30pm, for coverage of the results from Scotland and Wales as they come in, with live analysis from special guests www.youtube.com/channel/UC3r...
Graphic promoting Bylines Scotland elections livestream this Friday
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William Thomson @williameconomist.bsky.social · 06/05/2026
New monthly newsletter in the Scottish newspaper The National. Subscribe for free. www.thenational.scot/newsletters/...
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William Thomson @williameconomist.bsky.social · 06/05/2026
The Truss mini-budget was not bond vigilantes flexing their muscles or #MMT in action. The resale market interest rate for long-term govt debt shot up from 2.32 Aug. to 4.01 Oct. This was a massive spike in the secondary bond market. 1/7
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Scottish Greens @scottishgreens.org · 12/04/2026
"I believe in independence because I believe in democracy. I think the people of this country should get the governments they vote for every single time." 👏 #bbcdn
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Scotland's Economics Festival @scoteconfest.bsky.social · 18/03/2026
Explaining Austerity. The Festival Curator @williameconomist.bsky.social, has created a diagram that "attempts to explain why austerity is baked into UK politics". That is no mean feat! This is a useful primer as we all consider the mainstream view that regards austerity as an economic necessity.
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William Thomson @williameconomist.bsky.social · 13/03/2026
"The Scottish Government’s decision to issue a wholesale bond is guaranteed to create all the wrong headlines at exactly the wrong time." bellacaledonia.org.uk/2026/03/13/o...
bellacaledonia.org.uk
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William Thomson @williameconomist.bsky.social · 07/03/2026
I am sure we all feel the frustration as we watch political shows, "don't just accept the austerity narrative, push back!" Zack Polanski is doing a great job across the UK, but we don't have this pushback in other parts of the UK. So great to read this! www.thenational.scot/politics/259...
thenational.scot
Debate Night shows how all of Scotland’s politicians are trapped in a neoliberal cage
Debate Night shows just how underwhelming and uninspiring Scotland’s political leaders are when it comes to discussing true alternatives to the…
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William Thomson @williameconomist.bsky.social · 06/03/2026
Why and how we invest in ourselves. scotonomics.org/scottish-gov...
scotonomics.org
Scottish Government Bonds and Investing in Ourselves - Scotonomics
This paper discusses the decision to fund infrastructure investment through international capital markets rather than retail bonds.
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William Thomson @williameconomist.bsky.social · 02/03/2026
If you were a party in power that was promising "a fresh start with independence," do you think you would consider the impact of independence when issuing £3bn worth of Scottish Government debt? This makes for very uncomfortable reading for all SNP supporters. 1/6
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William Thomson @williameconomist.bsky.social · 01/03/2026
Scottish Government Bonds and Investing in Ourselves Scottish Government Bonds and Investing in Ourselves Working Paper William Thomson (Scotonomics) and Jim Osborne (Scottish Currency Group). Download the full report On November 13th, 2025, the Scottish Government published its plans for a Bonds…
scotonomics.org
Scottish Government Bonds and Investing in Ourselves
Scottish Government Bonds and Investing in Ourselves Working Paper William Thomson (Scotonomics) and Jim Osborne (Scottish Currency Group). Download the full report On November 13th, 2025, the Scottish Government published its plans for a Bonds Programme as an alternative to borrowing from the UK Treasury National Loan Fund (NLF) to fund capital investment. Between 2026 and 2030, the Scottish Government plans to raise £1.5 billion in international capital markets through a wholesale bond issuance.  
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William Thomson @williameconomist.bsky.social · 01/03/2026
I have written a paper with Jim Osborne, and it will be released at 9am on 2nd March. Sign up to receive the paper in your inbox. scot.us21.list-manage.com/subscribe?u=... "Scottish Government Bonds and Investing in Ourselves"
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William Thomson @williameconomist.bsky.social · 26/02/2026
Terrible if true. Oh, and it is! www.thenational.scot/politics/258...
thenational.scot
Why the Scottish Government bonds plan will lose us £175 million
By issuing wholesale rather than retail bonds, the Scottish Government has decided to strip around £175 million from the Scottish economy ...
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Scottish Independence Podcasts @scottishindypod.bsky.social · 25/02/2026
@williameconomist.bsky.social explains why "grandfathering" UK institutions will hold an independent #Scotland back. Want to hear more? Listen to the whole conversation here or wherever you get your podcasts scottishindypod.scot/scottish-cur...
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William Thomson @williameconomist.bsky.social · 24/02/2026
More hubs like this please! economicjusticebrum.org
economicjusticebrum.org
Economic Justice for Birmingham
Making Birmingham’s economy work for everyone. We’re working, imagining, strategising, and taking action together.
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Laurie Macfarlane @lmacfarlane.bsky.social · 20/02/2026
Big ideas are easy — funding them is the hard part. On 5 March we’re bringing together a fantastic panel to explore how Scotland can actually pay for a just transition. Register here 👇
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Fiona McGregor @fionamcgregor.bsky.social · 17/02/2026
Always enjoy our chats with @williameconomist.bsky.social - even if he gives us homework!
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Scotland's Economics Festival @scoteconfest.bsky.social · 13/02/2026
Scotland's Economics Festival is taking place in the Republic of Leith, 19-21 March. Tickets for each talk start from only £5 and are available at www.scoteconfest.org There are also some free talks and films.
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Bylines Scotland @bylines.scot · 02/02/2026
This is an interesting read from the folk at @weallscotland.bsky.social #Economy
weallscotland.org
New report highlights how our economy is failing the people of Scotland
Leading academics and economists call for the people of Scotland to have more of a say in the decisions that impact their lives
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Scotland's Economics Festival @scoteconfest.bsky.social · 01/02/2026
Supported by a wide range of progressive organisations, the festival is rooted in the belief that the economy should serve people, place, and planet. www.scoteconfest.org/ Join us in Edinburgh (and online) 19th-21st March 2026.
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William Thomson @williameconomist.bsky.social · 01/02/2026
My article on the job guarantee in the Scottish Left Review. scottishleftreview.scot/full-employm... #MMT
scottishleftreview.scot
Full Employment, Guaranteed
A government job guarantee can deliver full employment in the twenty-first-century, writes William Thomson.
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Scotland's Economics Festival @scoteconfest.bsky.social · 30/01/2026
William Thomson, who helped curate the festival programme, is in this week explaining how mainstream economics has failed us. 👇 www.thenational.scot/news/scottis...
thenational.scot
Mainstream economics has failed us – our festival hopes to change the conversation
Many economists, even within the mainstream, are questioning the role of neoclassical/neoliberal economics in today’s many crises
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