Currency Wars and the Making of the Next Financial Crisis in the Global Economy
February 12, 2025
In the previous many articles, we have been discussing a lot about the various concepts of inflation. We have understood in great detail, the way things are. However, when it comes to inflation, the ideal way that things must be is also extremely important. The only way to reach an amicable solution is to have […]
The most fundamental question in economics is the determination of the price of any good or service, i.e., the question of value. There have been many conjectures about what is value and how is it derived. One of those inferences, popularized by Karl Marx and his disciplines is about the labor theory of value. In […]
History Lehman Brothers started as a grocery store in Alabama in 1844. Over the years Lehman Brothers grew into a global behemoth. This growth continued till 2008. Lehman Brothers was the fifth largest investment bank in the world and had over 25,000 people directly on its payroll as well as several thousand people indirectly dependent […]
It is not a Flat World After All The famous cheerleader for globalization, Thomas Friedman, called the current day world as flat as because of globalization, barriers have come down and anyone is free to invest anywhere and compete with everyone from everywhere. However, in recent months, the notion of a Flat World has taken […]
In the previous article, we read about how the GDP system encourages incessant and reckless borrowing on the part of the governments. This system rewards both the governments and the individual politicians for indulging in financially imprudent behavior. However, the problem does not end there. The GDP system not only makes borrowing money seem like […]
Fossil fuels are considered to be the biggest environmental hazards of our time. The biggest objective of several global organizations is to reduce the use of these fossil fuels and replace them with something more organic. This is where biofuels can help. Governments all over the world are giving subsidies to biofuels. Many government agencies procure biofuels from vendors. They are used to meet the needs of sectors like railways which have high energy requirements. In this article, we will look at the positive and negative impacts of using these biofuels.
There are some disadvantages to the use of biofuels as well. They have been listed below.
Even though the energy needs might be met in a better way, the production of crops will decrease once biofuels become the main stream. This reduced production will cause higher food prices.
These higher food prices are a concern in low-income countries. However, these are also the countries where maximum fossil fuel-related pollution happens. Hence biofuel is not really a viable alternative in such countries.
The bottom line is that technology related to biofuels still needs to be developed even more. There are many benefits to using biofuels. However, some of the disadvantages need to be mitigated before biofuels completely replace fossil fuels.
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