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Fossil Fuels Are Next in Line for a Bailout – Here’s How We Respond

Cala Skandier, of the Democracy Collaborative, writes for Truthout: “Fossil Fuels Are Next in Line for a Bailout – Here’s How We Respond.” In this article, Carla Skandier writes about the quantitative easing for the planet: 

That’s when the term “quantitative easing” entered the mainstream vocabulary. By pumping trillions of dollars into the economy, the Federal Reserve was able to buy assets of failing financial institutions, providing them with the parachute for a soft landing and a floor below which the economy would not fall further.

Read the rest of the story at Truthout.

Publication date: 2018-09-05
Parent publication: Truthout
Publication URL: Fossil Fuels Are Next in Line for a Bailout – Here’s How We Respond

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