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American state and city governments are bleeding out — Ryan Cooper

Summary:
Increasing expenses and decreasing revenue are putting US states in a bind as currency users that must obtain the currency. The federal government acting as currency issuer is the only agent capable of addressing the issue. But the US government is paralyzed by political gridlock.The WeekAmerican state and city governments are bleeding out   Ryan Cooper

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Increasing expenses and decreasing revenue are putting US states in a bind as currency users that must obtain the currency. The federal government acting as currency issuer is the only agent capable of addressing the issue. But the US government is paralyzed by political gridlock.

The Week
American state and city governments are bleeding out  
Ryan Cooper

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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