politics

19120 readers

2394 users here now

Welcome to the discussion of US Politics!

Rules:

Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

• Register To Vote

• Citizenship Resource Center

• Congressional Awards Program

• Federal Government Agencies

• Library of Congress Legislative Resources

• The White House

• U.S. House of Representatives

• U.S. Senate

Partnered Communities:

• News

• World News

• Business News

• Political Discussion

• Ask Politics

• Military News

• Global Politics

• Moderate Politics

• Progressive Politics

• UK Politics

• Canadian Politics

• Australian Politics

• New Zealand Politics

founded 1 year ago

MODERATORS

[email protected]

510

Marjorie Taylor Greene Says States Should 'Consider Seceding From the Union' (www.rollingstone.com)

submitted 1 year ago by [email protected] to c/[email protected]

260 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 1 year ago

Just reinforcing that you can’t read, huh? Literally in the same link already provided:

An associated problem starts pretty quickly with the fiscal health of Texas. They will have to print their own money and swap out US dollars for their own money (Republic of Texas Dollars or Pesos or whatever they’d like to call them)… let’s call them TexBux (thanks Nicholi Valentin). If they don’t get their financial house in order from the get-go, that will see high inflation, where TexBux quickly fall against the USD and the MNX.

Maybe they just peg the TexBuck to the US Dollar? That’s possible: about 66 countries peg their currencies to the US Dollar. However, this is kind of magic trick conducted by their central bank — you can’t just make the claim that a TexBuck is the same as a Dollar. The central bank in such a country will buy up large numbers of US Treasury Notes. If TexBux fall next to the US Dollar, they sell Treasuries and buy TexBux, which both lowers the value of the US Dollar just a bit, and raises the value of the TexBuck.

Of course, this presumes that The Republic of Texas magically turns into a real country. Given the typical Texas leadership, that seems pretty unlikely. Yeah, they’d need some kind of central bank and mint to print money, but would they really have a monetary policy capable of pinning the TexBuck to the Dollar? Would that even be possible in the Texas economy — this is not The Bahamas we’re talking about here. There’s an awfully good chance that US imports get expensive, real fast.