@ morningsider "I was trying to highlight that quoting bond rates, being paid at least two years before Scotland could become independent, by other countries offers no real guide to what a newly independent Scotland may pay."
I disagree with you. I think it's a very good guide to what Scotland will be paying. And I certainly think it's a better guide than the opinions of economists, especially those with a weak track record.
In fact, I find it curious that people would choose the opinions over the comparable realities.
"While Scotland is a small northern European country, it shares little else with Sweden (or other Nordic countries)... we are really far more like England than the Nordic countries due to shared laws, culture, language, currency, institutions and so on."
For one, I disagree with you - taxes aren't anything like as high in Nordic countries as people here seem to think. State intervention is more obvious in some ways - like alcohol - but less in others, defence, policing, prisons.
But more to the point, culture and language have nothing whatsoever to do with the rates you pay on borrowing - these are set by the strength of your economy and the market's assessment of your likelihood of default. Given that Scotland's economy is larger per head the the UK's, and our taxes generated per person are larger than the UK's, and we are more dependent on exports and external income like tourism than the UK, and that we are backed by huge oil reserves, our economy is more like that of the Nordic countries than it is like the UK's.
An even closer comparison would be with Ireland, but without the property bubble and crash they had. Ireland's 10 year bonds are at 0.08% higher than the UK's, and their last 5-year bond issue went LOWER than the UK's.
So can anyone tell me why we'd be paying more than Ireland?
"I think we have already covered the fact that Scottish GDP figures and UK/Scottish public finances are as much a work of interpretation as solid fact."
I think there's a problem with the way you're seeing this.
Correct me if I'm wrong, but it seems as though you're saying that some things are hard facts, but anything short of that is up in the air. The reality of course is that there are varying levels of certainty about the things that aren't facts.
Would childcare be much better in an independent Scotland? There's really not much evidence to say either way, so it's supposition. But the size of Scotland's economy - we may not know it exactly, but the figures are very robust. And figures on public finances may be an approximation, but they will be accurate to a pretty small margin of error.
"Would it really hurt to accept this uncertainty?"
Equally I could say, would it hurt to accept the the evidence for some things that aren't certain is still very strong?