Comments by "" (@TheDavidlloydjones) on "Tony Blair - Why Political Leaders Keep Failing at Major Change" video.
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@lkyuvsad
As the great Jane Jacobs used to point out, a unified currency is not necessarily a Good Thing.
In an economy as large as that of the United States, enforcing the use of a single currency has huge overheads.
The unproductive states, coincidentally mostly the "red" or Republican ones, are denied the possibility of catching up through currency adjustment. The result is that they are permanent beggars, getting by on the charity of the functioning states -- and consequently resentful and hence retaliatory against them.
The sour anger of the Republican Party is rooted in exactly this psychology. It is the whimpering revenge of losers angry at the more effective people, economies, and institutions who are keeping them alive.
If they had their own currencies, the losers could devalue, compete, and then work their way back to equality, rather than depending upon charity.
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