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Not if only one US state is doing this. USD is a MASSIVE global currency.
by koheripbal 4y ago
Not if only one US state is doing this.
USD is a MASSIVE global currency.
- ch4s3 4y agoYeah, sure but CA is an economy the size of France and represents a LOT of consumer purchasing power. Some cost like rent are also pretty local and represent a relatively fixed supply of goods. I wouldn't personally bank on global demand for dollars absorbing a bunch of new money supply sloshing around in markets local to CA.