4min chapter

"Upstream" with Erik Torenberg cover image

E14: Balaji Srinivasan on the Fiat Crisis, Russia, and China.

"Upstream" with Erik Torenberg

CHAPTER

The Economic Crisis of States Flying Apart

The US, as we currently know it, is the decentralized states. The first state that breaks away doesn't inherit the debts of the other 50. Red states have generally better finances than blue states. In general, California, Illinois, these states are in much worse shape than red states. And so, and that's why also people are leaving blue states to go to red states.

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