Quote Originally Posted by Oracle View Post
Bad example: The list of bankrupt towns and states is growing.
Detroit is a ghost town that can never recover. Direct result of corbyn like spending binge, all the same messages, all the way to bankruptcy. All the professional people that can have gone ( just like greece, portugal, italy). Public services once booming now no longer exist. Inevitable increasing tax rates for the few that remain prevent it ever recovering. Just like (portugal, italy, greece) Italy under a lira could reboot. First it must default.
The economies of the USA are essentially similar, unlike the Eurozone.
So it's a good example then. I'm not saying all is well in the US because they have one currency. I'm saying no economists are saying the USA would be better if they had different currencies. Why do you think that is?