Arthur, Good point!
I wonder what would have happened to the "United States" if tariff barriers had been erected between them? Perhaps the President would now be asking for a fast track to clear away the restrictions than impoverish Americans - and of course being refused because it might diminish State sovereignty. Harry ------------------------------------------------------------------ Arthur wrote: >Chris' original point was whether it was a good idea to introduce a single >currency into a number of jursidictions which formerly had their own >currencies and levers for monetary policy tailored to local needs. > >Going the other way, would the fifty states of the US be better able to >manage local affairs if there were 50 different currencies. What is gained >and what is given up. I gues it is all about trade-offs. > >Arthur ****************************** Harry Pollard Henry George School of LA Box 655 Tujunga CA 91042 Tel: (818) 352-4141 Fax: (818) 353-2242 *******************************
