The Dow rose 103 points yesterday… into record territory again. Gold rose $14 an ounce – still recovering last year’s losses. Tomorrow, we will outline our big picture view. But today, we’re going to reply to colleagues with caveats, quibbles and corrections. First, our colleague and editor of the British magazine MoneyWeek Merryn Somerset-Webb, who lives in Edinburgh, Scotland, took issue with our suggestion that small governments are, ceteris paribus, better than big ones: If Scotland votes for independence it will be as a socialist nation, not a wealthy capitalist one.