Our reports provide a foundation for a resilient economy and support policymakers and the public in building practical and resilient policy. We highlight that the economy is a human-made system and that citizens have the power and the capacity to redesign our economy.
This paper principally discusses the decision to fund infrastructure investment through international capital markets rather than to build private-sector resilience by offering a retail bond exclusively to the Scottish public, credit unions, and/or Scottish institutions, specifically Local Government Pension Schemes.
UPDATE: In October 2026, the Scottish National Party annual conference passed a motion for the current administration to “ensure that any bonds issued by the Scottish Government should be retail bonds, and should be sold to individuals and institutions domiciled in Scotland.” Although motions passed at the SNP conference don’t bind the party, they signal support for our plans and push back against the neoliberal underpinning of the current Scottish Government.
“One could not imagine a more dangerous economic and political scenario than the current Scottish government’s currency position post-independence. Scotland, for all intents and purposes, would not be monetarily independent and would be at greater risk of financial fracture than it is in its current position with the UK. This would not only jeopardise the idea of a wellbeing economy but also the success of Scotland’s economy.” – William Thomson and Warren Mosler.
Crisis: Responding to ecological and socio-economic crises through bold and progressive economic policy.
Sustainability: Local and national economics that support community wealth building.
Nature: Economic and nature based solutions within our planet’s ecological boundaries.
Systems: Recognising that people thrive when economic, social and political systems work together.