4 ms·

But is anyone asking for their own local currency or central bank? If not why not?

• chrismorgan 1y ago
  In some places I gather that pretty much happened during https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis.... (I happened to be in India at the time, but where I was it was more just extreme discontent with resignation, rather than threatening fracture.)
  • ekunazanu 1y ago
    The discontentment arose because it was extremely poorly planned, and failed to address the very problems it was 'trying' to solve. It is very unlikely for a state government to implement a local currency and introduce more friction to an already painfully bureaucratic system; it is a politically disastrous move. > Monetary policy is government policy. The ruling party is seldom uniformly popular across their entire domain. If by monetary policy you are referring to fiscal policy, you're pretty much spot on. There's always in-fighting between states and lots of complaining about the central/federal government favoring certain states over others.
    • deleted 1y ago
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• bluecalm 1y ago
  In many places people wouldn't ask because it's completely unrealistic to get it. Regions struggle to get a bit more independence from the central government. An own currency is completely unrealistic. Your argument doesn't work.