Since state performance is not obviously correlated with size, why should "going bigger" solve this problem? https://twitter.com/mattyglesias/status/1344729055606800386 …
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correct take, the lack of any state-level money printer goes a long way towards constraining state action. a lot of them already have credit ratings in the shitter as it is, they would endure serious consequences for issuing new debt that the USFG would not.