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Edge cities are often built over prime farmland, and the highways that connect them to the rest of the 100 mile city fragment habitat. Q: What caused the current debt crisis?

April 26, 2017built cities Connect farmland highways Prime rest

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Edge cities are often built over prime farmland, and the highways that connect them to the rest of the 100 mile city fragment habitat. Q: What caused the current debt crisis?

1 Answer

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Cheap credit in the 1970’s due to the glut of oil-dollars led to massive loans to countries that were previously considered too risky for investment. When the credit dried up in the 1980’s, interest rates rose and hooked many countries into a spiral of debt that many cannot get out of.