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Ok, but surely thats true with the dollar too? Some states depress the value the dollar would have if only NY and California were in the Union?
by pinkfoot 7y ago
Ok, but surely thats true with the dollar too? Some states depress the value the dollar would have if only NY and California were in the Union?
- wz1000 7y agoYes, it is true, but the difference is that the US is also a fiscal union, which is not the case with the EU, making it fundamentally unworkable in its current state. https://blogs.imf.org/2018/02/21/the-euro-area-needs-a-fiscal-union/ https://blogs.imf.org/2018/02/21/the-euro-area-needs-a-fisca...