Sunday, September 14, 2003
(5:45 PM) | Adam Kotsko:
The Coming Plague
As of this writing, the following is the last comment on this very depressing post from CalPundit, entitled "Why Paul Krugman is Depressing":
Does anyone know how you go about opening a foreign currency savings account? Do you just ask for a Euro-denominated account at the bank? Serious question.
Among the possibilities considered in this discussion thread: immanent fiscal collapse, ever-increasing deficits, loss of confidence in the financial markets and/or the American political process by the majority of citizens, and even, yes, the break-up of the United States into several smaller countries. I think I might be in favor of the last option, in the abstract, because I figure Illinois and Michigan would wind up in a "Northwest Territories" country, made up of the Great Lakes region essentially, and this is a decently liberal area. If I lived in Alabama or Wyoming, I could see that being a very bad thing. Anyway, go ahead and read it.