21 sats \ 4 replies \ @Satosora 25 Jul \ parent \ on: The American tradition of abolishing central banks econ
I feel that they are going to start strong, then they are going to lend too much money.
It will just collapse on itself.
It'll have the same poor incentives as the EU, but with much worse actors who have no cultural or geographic ties to each other. I expect it to fail much faster than the EU is.
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Good point. The incentives probably will be worth, because there won't be even as much accountability as the EU has.