February 20, 2026

Economics For All with William Thomson

58 minutes

What does it really mean to be a heterodox economist? And how does Modern Monetary Theory fit into today’s political narratives?

In this episode, Indypodcasters Fiona and Marlene catch up with political economist William Thomson to unpack the big ideas shaping Scotland’s economic debate. William explains what “heterodox economics” actually means, challenges mainstream thinking, and explores how Modern Monetary Theory connects to the political choices facing Scotland right now.

We also hear about his ambitious new event, Scotland's Economics Festival, taking place 19–21 March in Leith, Edinburgh — designed to bring big economic ideas out of academia and into the hands of the public.

🎟 Get your tickets at: https://www.scoteconfest.org/

Big ideas. Straight talking. Economics made accessible.

Chapters:

00:00:27 Scotland's Economics Festival

00:05:54 Thinking Beyond GDP

00:12:01 Engaging Scotgov

00:15:45 Zack Polanski vs the mainstream media narrative

00:27:52 "Grandfathering" will hold Scotland back

00:32:18 Don't fear the Markets

00:36:16 Independence starts NOW

00:39:51 Scottish Government Bonds - good idea or smoking gun?

00:52:10 Sectorial Balances homework

Related topic:

Finding the Money https://findingmoneyfilm.com/

#scotonomics #MMT #economicsfestival

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Music:

Inspired by Kevin MacLeod

Scottish Independence Podcasts is pro independence but not party political. Opinions expressed by guests do not necessarily represent our views.