States are currency users though not currency issuers. Their fiscal capacity is constrained like a household. The monetary sovereign federal government isn’t (unlike the EU sharing a foreign currency between members and stuck on a semi-depression for no good reason at all).
Ever wonder how your government can always fund war? Why no one asks “where will the money come from?” for a tomahawk missile or 59? They simply type the dollars into a computer and that’s it. They don’t even need to print it mostly nowadays. The limit to fiscal spending isn’t currency its the real things available for purchase like doctors, nurses, buildings, energy, water, education system etc. Want universal healthcare? Ofcourse you can but you need the workers to come along for the ride as well and what’s the best day to do that? You need a functioning healthy educated society that’s not poisoned with neurotoxins that kill the brain like lead (pipes) and mercury (from coal burning emissions).
We need a Marshall plan for humanity and planet earth. Just because we can and should, otherwise humans will likely go extinct.
