Scottish Libertarian David Farrer on the Independence Vote

September 19, 2014 – In this edition of Mises Weekends, David Farrer dissects Scotland’s independence referendum vote from a libertarian perspective.

According to Farrer:
“Unfortunately lots of people here, as in the U.S., think that the state pension—social security in your terms—is sitting in a vault under the Bank of England or the Fed, when in fact… the pensions are paid out of current taxation. Lots of people didn’t get that, and they thought that if Scotland became independent, they wouldn’t have access to this pot of gold under the Bank of England.”

Do you think there was an issue educating voters on the benefits of Scottish independence? Would you like to see your state become independent of the U.S.?