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That's nice if we forget about the ECB printing money like there's no tomorrow.
by jiofj 3y ago
That's nice if we forget about the ECB printing money like there's no tomorrow.
- dangerwill 3y agoCapitalism can't fail it can only be failed
- ta1243 3y agoWhich explains why inflation in countires like Belgium, Spain, Denmark, Luxembourg are all under 2.5% as they famously don't use the Euro.
- jiofj 3y agoAs someone in Spain: those numbers are absolutely fake.
- Infinitesimus 3y ago(That's the point they're trying to make btw)
- midasuni 3y agoI obe it when something doesn’t fit a narrative so it’s decried as “fake news”
- wiredfool 3y agoDenmark, yes, but the others use the euro.
- lxgr 3y agoThat could be an explanation if the entire Eurozone were affected uniformly by inflation. It's not, though, and Austria is seeing the highest levels. A big contribution to this is the government's policy of heavily subsidizing various costs: Energy, rent, even groceries were subsidized via various vouchers and payments for a while, and now there's even discussions of "capping interest rates" – of course inflation won't go down if the purchasing power remains inflated! Note that I'm not concluding that this is necessarily a bad development: It might just be an effective way of redistribution – but only time will tell, and personally I'm glad to not be part of the experiment.