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> I don't think I've heard people arguing that two states being on a common currency contributes to the impoverishment of Alabama. It’s interesting because peo
by jdavis703 5y ago
> I don't think I've heard people arguing that two states being on a common currency contributes to the impoverishment of Alabama.
It’s interesting because people don’t talk about this more. For example a lot of bitterness about the SALT deduction in the US essentially boiled down to living in a rich or poor state.
Likewise if you look at inflation, it’s hitting poorer states hardest (probably because they’re more dependent on energy due to auto-oriented urban planning decisions, seasonal climate changes and energy policy). So what do we do? Set fiscal policy so Alabama has less inflation or so New York reaches full employment?