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Yeah, regulations have costs and economies change over time, not exactly a news flash. But California is one of the largest and most advanced economies in the
by standardUser 3y ago
Yeah, regulations have costs and economies change over time, not exactly a news flash.
But California is one of the largest and most advanced economies in the world. The same is true of Germany, which has been getting the California treatment recently. And both are currently performing very well given the global context (inflation, energy) and have proven tremendously robust historically, which makes these constant declarations of doom and gloom especially suspicious to me.
- g42gregory 3y ago"Germany went from envy of the world to the worst-performing major developed economy. What happened?" [1] [1] https://apnews.com/article/germany-economy-energy-crisis-russia-8a00eebbfab3f20c5c66b1cd85ae84ed https://apnews.com/article/germany-economy-energy-crisis-rus...
- scotty79 3y agoWell, they've lost (almost) free gas from Russia.
- standardUser 3y agoDude, they are having a mild recession because of an energy shock and inflation. It's like being the slowest guy at the olympics. But for just one race.