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A comment on US Federal Reserve raises interest rates for first time since 2018. Parent comment

Re:US Federal Reserve raises interest rates for first time s... by toyg on Thursday March 17, 2022 @03:30AM (#30708524)
Obviously the latter will happen - it is in fact already happening, between eurobonds and recovery fund. We just don't make a big song and dance about it - quiet work is how the EU is managing to do the unthinkable of federating this anarchic and unruly continent.

The economic imbalances between EU states are nothing, compared to the ones between US states. Do you see the US "disintegrating" anytime soon?

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Re:US Federal Reserve raises interest rates for first time s... by landemva on Thursday March 17, 2022 @03:46AM (#30708598)
USA federalized State debts a long time ago.

I could see Illinois imploding due to retiree obligations and pieces of Illinois being absorbed by neighbor States. More likely for federal government to take over State pensions because federal government can emit unbacked money.

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