Taxation

How to make money from the Scottish referendum

The best time to buy an asset is when no one else can stomach it. Great fortunes are made in uncertainty. The self-made rich aren’t the ones who hung around on the edge of an iffy situation thinking about the possible disasters. They’re the ones who calculated the odds and bought before anyone else was sure of the answers. So where is there uncertainty in the UK today? Most English people are utterly uninterested in the prospect of Scottish independence — or in Scotland generally. But if they were actually to look up north they’d see pretty serious turmoil. It is less than a year until every resident of Scotland

Spending isn’t the answer. But how do we explain that?

One of the things I love about being a classical liberal is that I’m always on the right side of every argument. I’m pro: freedom, jobs, self-determination, cheap energy, higher living standards, academic excellence, property rights, an even better future, Michael Gove MP, wine, women, song. (So long as the song is not by Maroon 5 or Bruno Mars.) And I’m anti: arbitrary authority, nanny-statism, money-printing, tyranny, despair, almost all war, poverty, prohibition, disease, squalor, uncleaned-up dog poo, meddling busybodies, crap capital projects based on massive lies (that means you HS2!), corrupt officials, civil war, totalitarianism, hyperinflation, injustice, Tim Yeo MP. Yet you’d scarcely guess this to read some of