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Ok, how does Steve Keen feel about the USA reverting to pre-1792 colonial currencies?
by ebg13 7y ago
Ok, 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.