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Us 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
by skrtskrt 7y ago
Us 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.