More Signs of Economic Deflation: Consumer prices in the 19-country eurozone rose a record 10% in September from a year earlier (Greta Thunberg Economics) – September 30, 2022,
To be fair to Greta Thunberg, Germany and Co. have been trending in the wrong economic direction for a long time, but the legendary Swedish environmental activist Greta Thunberg was a major influencer of the modern EU Green economy. Greta Thunberg Economics puts Environmental Socialism ahead of common sense. Sometimes you got to take risks, right? Sure EU members States know of the limitations of Wind, Solar, and Biomass, but hey, “How Dare you!” right?
The one benefit to climate change is that maybe we’re overreacting to the potential of “winter” is the earth still warming? or is it cooling? Because if it’s warming then winter is overrated, and Europe is overreacting. When I was growing up in Canada, they taught us about the Laurentide Ice Sheet which was a massive sheet of ice that covered millions of square miles, including most of Canada and a large portion of the Northern United States. The Laurentide Ice Sheet kinda, sorta melted because the earth began warming WITHOUT so-called man-made climate change.
But when I was growing up, the Atheists hadn’t kicked God out of the classroom, so a lot of us didn’t imagine humans to be as powerful as we imagine ourselves to be in the modern era. Political Science hadn’t yet become the new God, so when we were growing up we still could debate things; SETTLED science wasn’t forced on us yet.
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In the modern era, Atheists are looking to manufacture a new God, and this environmental God is very NARROW; it imagines that we must do things in a specific political way in order for us to ascend into the heavens. At the moment, consumer price inflation is running rampant, and some are trying to pin the blame on the central banks, others are trying to pin the blame on greedy corporations, others attempt to pin the blame on the government, whereas I pin the blame on us.
Yes, us, the problem is indeed you and me, or DEMOCRACY; you’ll notice that a lot of countries led by DICTATORS aren’t being led by Greta Thunberg Economics. Am I promoting authoritarian rule? Absolutely not, but authoritarians are usually PROFIT driven, nd because they’re profit driven and seeking to keep their population under control they can not have any Gods that stand in the way of their information monopoly.
Greta Thunberg Economics is a very risky bet; when this blog post is published, Greta will be 19 years old, and she’ll be the face of “climate change” which to be honest, I don’t think is fair to her, because her parents, kind of just threw her out there. People tend to forget that Svante Thunberg is an ACTOR and Greta’s mom Malena Ernman is a singer, so I’m pretty sure the two of them learned a thing or two about how to get publicity.
Canada’s Prime minister is a drama teacher, and for unserious people, Justin Trudeau’s ability to dramatize and put a benign face on tyranny has done well for him when he SELLS his tyrannical agenda. On the flip side, an ANGRY teenager is also a good seller for tyranny; if you don’t subsidize renewable energies, you’re destroying the hopes and dreams of young people; It’s a good way to sell tyranny if you ask me.
When you can sell tyranny, you can sell consumer price inflation, which is exactly what’s happening in the Eurozone. People want to blame central banks, truth be told, consumer price inflation has EVERYTHING to do with the war on fossil fuels. The Central banks exist to finance the welfare state, but the welfare state can’t function if there are SHORTAGES of essentials to the modern economy.
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Consumer price inflation creates SHORTAGES because people can no afford to pay for the malinvestments. The welfare state is indeed a malinvestment, but what people tend to forget about the welfare state is that sometimes it WORKS, lots of welfare programs exist because of FOSSIL FUELS, but once there are SHORTAGES of fossil fuels, it’s a direct attack on the SERVICES industries, which ofcourse include public services.
As an example, a lot of government services CONSUME fossil fuels, so if there are SHORTAGES of fossil fuels, a lot of government services will be compromised; obviously, the private sector requires fossil fuels; that’s a no-brainer, so if the government and private sector are COMPETING for the same energy, the loser of that competition SHOULD be the government right? But as we know, it’s actually the Private Sector that will lose war, meaning that you’ll likely see SHORTAGES of things in the private sector.
Inflation tends to lead to the Private sector doing LESS for the same amount of money, now sure the PEOPLE in a DEMOCRACY can run to the government to put price controls on the private sector, in the form of consumer price freezes and wage-price hikes, but that doesn’t solve the SHORTAGES problems, infact it might accelerate it, because unlike the government if a private business is no longer profitable, it will either have to shrink or go BANKRUPT.
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I could be wrong, but I don’t remember Venezuela declaring bankruptcy. Instead, the Venezuelan government merely hyperinflated its currency, which led to SHORTAGES of essentials in the economy. What’s interesting is that in oil-rich Venezuela, the people at one point had ENERGY shortages. Why, did oil-rich Venezuela have energy shortages? Because the people but a lot of faith in their CENTRAL PLANNERS.
It’s called EUROZONE because it’s a centrally planned construct in which Greta Thunberg Economics still has some popularity. Ofcourse they don’t call it Greta Thunberg Economics, I just made that up, but the EMOTIONAL plea of the environmental socialists to date has been far more powerful than the common sense crowds, pleas for market innovations solving these climate “problems.”
Consumer price inflation is DEFLATIONARY to the economy because it costs more to get less. How we solved consumer price inflation was FEWER regulations on economic activity, these climate change regulations had a ton of NEW regulations on the most productive people in the world, meaning that the longer these regulations remain in place, the more likely we’re going to require AUSTERITY MEASURES to fix this.
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Austerity is painful, especially for people who are used to getting free stuff from the government that they took for granted. I don’t know about Europe, but in a lot of places in the DEVELOPED world, people on WELFARE are ENTITLED to free electricity, water, housing, transportation, and all sorts of free stuff that they take for granted because they feel not only entitled to it but also that the government is not doing enough.
Austerity measures are a reality check on a lot of free stuff people receive that they’re taking for granted; once the government can no longer provide free resources by redistributing money, HOPEFULLY, someone will have the heart to shrink the size of the government because if they don’t just like Venezuela, SHORTAGES will become the new normal.
Inflation hits record 10% in 19 EU countries using euro | ctvnews.ca
Interesting times ahead!