Lots of Americans now openly discuss the idea of National Divorce, focusing on the political, cultural, and social divisions in America. But what about the economics? How would issues like debt, entitlements, and defense be addressed if the US split into two or more new political entities?
Mises.org senior editor and economist Ryan McMaken joins Jeff to discuss.
Listen to Hoppe on centralization and secession: https://Mises.org/HAP352-1
00:00 Introduction
02:16 Research on National Breakups
04:16 Are Bigger Nations Better?
07:20 Decentralization and Secession
10:25 What Happens to the National Debt?
14:34 The 1995 Quebec Referendum
27:19 Entitlements Under a Breakup
34:48 Breaking up the Cultural and Economic Divide
41:51 Will China Take Over the World if the USA Splits?
46:13 Global Trade with Divorced States