Watch the rest of this series here: https://www.youtube.com/playlist?list=PLJp5q-R0lZ0_FCUbeVWK6OGLN69ehUTVa Patreon: https://patreon.com/notjustbikes Twitter: https://twitter.com/notjustbikes Reddit: https://reddit.com/r/notjustbikes One-time donations: https://bunq.me/notjustbikes NJB Live (my bicycle livestream channel): https://www.youtube.com/channel/UC9v57F4xz46KaDsvWfCv8yw This is the 3rd video in the Strong Towns series, and is probably the most important core topic: the fact that American car-dependant cities and suburbs are financially insolvent, and function like a Ponzi scheme. This is the reason most American cities are bankrupt. If you learned something from this video, consider donating to Strong Towns: https://strongtowns.org/membership This video is a summary of the "Growth Ponzi Scheme" articles, published by Strong Towns: https://www.strongtowns.org/journal/2020/8/28/the-growth-ponzi-scheme-a-crash-course https://www.strongtowns.org/journal/2020/5/14/americas-growth-ponzi-scheme-md2020 https://www.strongtowns.org/the-growth-ponzi-scheme https://www.strongtowns.org/journal/2011/6/13/the-growth-ponzi-scheme-part-1.html https://www.strongtowns.org/journal/2011/6/14/the-growth-ponzi-scheme-part-2.html https://www.strongtowns.org/journal/2011/6/15/the-growth-ponzi-scheme-part-3.html https://www.strongtowns.org/journal/2011/6/16/the-growth-ponzi-scheme-part-4.html https://www.strongtowns.org/journal/2011/6/16/the-growth-ponzi-scheme-part-5-finale.html Strong Towns publishes a lot of cases studies of American municipal insolvency. Here are a few of them: https://www.strongtowns.org/journal/2010/1/11/the-cost-of-development-local-roads-edition.html https://www.strongtowns.org/journal/2009/3/30/the-cost-of-development-one-example.html https://www.strongtowns.org/journal/2010/3/17/the-cost-of-development-walker-industrial-park.html https://www.strongtowns.org/journal/2010/5/5/the-mailbox-tower-historic-harbor-renaissance