• 0 Posts
  • 19 Comments
Joined 1 year ago
cake
Cake day: September 28th, 2023

help-circle







  • Just wanted to throw something else into the discussion.

    I’ll preface this that a) I’m no economist, and b) I’m Canadian.

    Let’s harken back to circa 1996 when the Quebec separatists were once again threatening to leave. Also, they were going to keep the Canadian dollar as their currency.

    I was having a chat with a coworker, who did have a minor in finance. He pointed out that if Quebec separated and kept the Cdn dollar, their fiscal policy would be dictated by Canada.

    So reframing this for Texas: if they seceded, would they keep the USD? If not, how quickly would they be able to design their own currency and mint it? What exchange rate would they use for their citizens and how quickly could they get the new currency into the hands of everyone, including out in the boonies?

    I’m completely glossing over any considerations around what might happen if they kept the USD.