Governance

A Car Craze

A Car Craze

The urge to purchase an electronic vehicle is a craze.

First, electricity is only the conduit between the power source and the car. Around the world, most electric vehicles are coal-powered, some more are natural gas-powered, and some are nuclear-powered. A few are powered by dams that have flooded forests, ruined landscapes, and caused other harms and damage.

This Time is Different

This Time is Different

All financial crises are defaults in debt repayments. Nearly all of them start with government defaults.

Like all other debts, government debts come due and must be repaid; usually, with more debt, the government borrows money and pays the loan payment due; in the financial jargon, the obligations are ‘rolled over.’