Paying Our Way: The Case For A Scottish Payments System
Financial Services expert Peter Ryan returns to Common Weal with his latest policy paper advocating for a not-for-profit payments system to be rolled out across Scottish local authorities.
You can download the paper in full here.
Imagine you and I are an economy of two people. I pay you £100 in cash for goods. You, in turn, pay me £100 for services. Our economy ticks along just nicely exchanging goods and services with the cash transferring between us.