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Steve Keen is a good source on this: https://braveneweurope.com/steve-keen-the-delusional-leaders-of-the-eurozone https://braveneweurope.com/steve-keen-the-del
by skrtskrt 7y ago
Steve Keen is a good source on this:
https://braveneweurope.com/steve-keen-the-delusional-leaders-of-the-eurozone https://braveneweurope.com/steve-keen-the-delusional-leaders...
https://braveneweurope.com/steve-keen-the-euro-is-a-suicide-pact https://braveneweurope.com/steve-keen-the-euro-is-a-suicide-...
- ebg13 7y agoOk, how does Steve Keen feel about the USA reverting to pre-1792 colonial currencies?
- skrtskrt 7y agoUs States are not equal to European countries in any of the ways that matter here: they can’t have their own central banks or issue their own currencies, can’t decide general banking policies, can’t control trade in any meaningful way. A better analogy of US states to Europe is provinces of a country - their economic powers are extremely limited, and on the scale of macroeconomics, nearly meaningless.