@XxiBorza @NathanTankus @DavidBeckworth Folks … the background counterfactual here is not national monetary sovereignty, but the actual historical choice since

@XxiBorza @NathanTankus @DavidBeckworth Folks … the background counterfactual here is not national monetary sovereignty, but the actual historical choice since the 1970s, i.e. EMS or EMU. EMS is maximally disempowering and Bundesbank-centric. EMU gives you some inside leverage.

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