Currency could rid us of debts

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IN THE event of independence, Scotland should indeed have its own currency (Letters, 6 October) and should also 
nationalise the private banking system to change the present ridiculous situation where private banks create the nation’s money supply as debt, and then choose to whom they will lend that debt, and for what purpose. This has caused property booms, and consumer debt in the UK to rise to unrepayable proportions, while giving the false illusion of prosperity.

Independence would be a golden opportunity for the Scottish Government to create its own debt-free money supply, and be rid of the rapacious private banking system that operates entirely for its own benefit, without any regard for the good of the nation.

Malcolm Parkin, Kinross