Europe’s Reaction To The Energy Crisis Is Turning Into A ‘Ponzi Scheme’

The leadership of the European Union has been hard at work these days, trying to find a lasting solution to an energy crisis that is worsening by the day. Yet the way they are approaching the solution is unlikely to produce any lasting results. And so far, it has been compared to a Ponzi scheme. “One of the easiest policy levers if you will, is that you can pass a bill, appropriate money and give money to citizens to pay their electricity bills,” former Energy Secretary Dan Brouilette told CNBC this week. He went on to agree when asked…