The Importance of Local Currency in the Economy

A state like Michigan collapses when the factory leaves. Money is coming from an external source outside of Michigan into Michigan. If you have a local currency, you have more local production,. More local farming, more local trades work and things like that. This is why Bitcoin is great. But if there were state state level currencies, the federal government could not take the tax resources of the people of Florida and then send it to Pakistan for gender studies. Unless you wanted to trade out a state.