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11/3（二）
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A new era of climate-driven debt doom loops has begun
Anybody who has lived through the past quarter century or so is familiar with the concept of a debt doom loop. Big government deficits, say, cause higher interest rates, making the government pay more to borrow and also bail out the banks that own its sinking bonds, driving it even deeper into debt.
We knew climate inaction would cost us; why didn’t we act?
Saving the only planet we have makes good economic sense. There is, after all, no money to be made on a dead Earth. There might be costs involved now, but they are worth paying to protect our children from certain destruction.These propositions seem self-evident now. But two decades ago, mainstream
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Taipei Times