By far the best reason for a National Divorce is that the red states need their own currency zone. Now. Immediately.
I'm confused. Are you saying nobody would want/accept red paper, such that it couldn't pay laborers and animate the economy?
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Few people would invest in job creating endeavors in red states if they can hold blue paper that gets an above market return.
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Are you saying red-dollar states would overconsume and underinvest, or that they'd have excess capacity / a demand deficit?
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Both demand deficit and low capacity because people would be hoarding blue dollars instead of spending and investing in capacit
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Demand deficits just mean the central bank creates more money. Red states currently have demand deficits *and* no investment.
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...of course, this is all mad fantasies of adequacy because a real Red State Central Bank would adopt a gold standard.
End of conversation
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