4 ms·

1) prices were already universally high in Switzerland 2) swiss government regulates the price of healthcare 3) Switzerland uses significantly less fossil fue

1) prices were already universally high in Switzerland 2) swiss government regulates the price of healthcare 3) Switzerland uses significantly less fossil fuels and aren't as effected by the war in Ukraine 4) Switzerland passed multiple laws over the past few years to reduce the cost of goods, including banning foreign companies from charging Swiss citizens more

mywittyname 4y ago
The Swiss Franc has traditionally been a strong currency. Probably the world's strongest. The CHF has gained steadily on the EUR since the pandemic and is up about 10% since a year ago. That alone is going to offset a lot of the inflation.
- TMWNN 4y ago
  USD is up 8% versus EUR YTD ($1 = €0.88 then, €0.95 now). US, unlike Europe, does not actually need Russian oil/gas. And yet, US inflation is above the world average (<https://www.barrons.com/articles/inflation-has-become-a-global-problem-where-the-u-s-ranks-51654902581 https://www.barrons.com/articles/inflation-has-become-a-glob...>).
  - ajsnigrutin 4y ago
    Both US and EU printed huge amounts of money during the last few years, and the swiss, it seems, didn't.
    - andrekandre 4y ago
      probably because they already have a pretty robust social system in place, so it can weather issues like covid and employment issues better
      - ajsnigrutin 4y ago
        Social systems only work, when you have a vast majority of people who produce (and pay taxes on that) and a small minority of people who don't (because they either can't work or the abuse the system). I'm not sure how the swiss handled the lockdowns, if it was more "open" (like the swedes did) or if they shut everything down, but here (in slovenia), we shut a bunch of businesses down (most of the service industry, most of the shops, etc.) and the government basically paid freshly printed EU money to all those people to stay at home on a "paid vacation" (80% of the paycheck they'd otherwise get), which was great for them (and made them not-protest), but on the other hand, a great middle finger to the rest of the people, and the consequences of all that printed money, that we see now.
alangibson 4y ago
You forgot 5) mic drop
- mikem170 4y ago
  > You forgot 5) mic drop Hardly. The parent reminded me of other issues affecting inflation in the U.S. - things I would chalk up to a sub-omptimal reglatory/legislative environment, which has made a mess over the decades of health care, housing, energy, social spending, and taxes. Congress is somewhat disfunctional, and can't agree on fiscal policies that might help in our current situation. That leaves only the fed to intervene, as best they can. That's not a supply problem. Also, how could injecting 7 trillion dollars directly into the economy not have an effect on prices? Supply and demand were both affected by the U.S. pandemic response, not just supply as you asserted earlier. Are you saying that the 7 trillion dollars of money given to small business owners and as stimulas checks had no affect on prices?

mywittyname 4y ago

The Swiss Franc has traditionally been a strong currency. Probably the world's strongest. The CHF has gained steadily on the EUR since the pandemic and is up about 10% since a year ago. That alone is going to offset a lot of the inflation.

TMWNN 4y ago
USD is up 8% versus EUR YTD ($1 = €0.88 then, €0.95 now). US, unlike Europe, does not actually need Russian oil/gas. And yet, US inflation is above the world average (<https://www.barrons.com/articles/inflation-has-become-a-global-problem-where-the-u-s-ranks-51654902581 https://www.barrons.com/articles/inflation-has-become-a-glob...>).
- ajsnigrutin 4y ago
  Both US and EU printed huge amounts of money during the last few years, and the swiss, it seems, didn't.
  - andrekandre 4y ago
    probably because they already have a pretty robust social system in place, so it can weather issues like covid and employment issues better
    - ajsnigrutin 4y ago
      Social systems only work, when you have a vast majority of people who produce (and pay taxes on that) and a small minority of people who don't (because they either can't work or the abuse the system). I'm not sure how the swiss handled the lockdowns, if it was more "open" (like the swedes did) or if they shut everything down, but here (in slovenia), we shut a bunch of businesses down (most of the service industry, most of the shops, etc.) and the government basically paid freshly printed EU money to all those people to stay at home on a "paid vacation" (80% of the paycheck they'd otherwise get), which was great for them (and made them not-protest), but on the other hand, a great middle finger to the rest of the people, and the consequences of all that printed money, that we see now.

alangibson 4y ago

You forgot 5) mic drop

mikem170 4y ago
> You forgot 5) mic drop Hardly. The parent reminded me of other issues affecting inflation in the U.S. - things I would chalk up to a sub-omptimal reglatory/legislative environment, which has made a mess over the decades of health care, housing, energy, social spending, and taxes. Congress is somewhat disfunctional, and can't agree on fiscal policies that might help in our current situation. That leaves only the fed to intervene, as best they can. That's not a supply problem. Also, how could injecting 7 trillion dollars directly into the economy not have an effect on prices? Supply and demand were both affected by the U.S. pandemic response, not just supply as you asserted earlier. Are you saying that the 7 trillion dollars of money given to small business owners and as stimulas checks had no affect on prices?