Thursday, February 17, 2022

Inflation Chatter

 For roughly an hour last night, via ZDF's Maybrit Illner Show, a live chat forum ran on the topic of inflation in Germany.  It's worth a review (all in German).

The term 'fossil inflation' was uttered as the Green Party member at the discussion (Katrin Goering-Eckardt) spoke the phrase.  She tried to suggest that a lot of the inflation hype leads back to ugly natural gas/oil/etc.  

The idea of reducing the VAT (the tax) on energy?  That was brought up by the CDU's Merz.  He is correct....in that the more that the prices rise....the more the VAT collects more taxation. 

I would imagine a fair sum of folks (at least those still awake after 10 PM) sat and watched the piece.....grumbling away as the hour passed.

This is an inflation period where it's coming from all sides (groceries, gas, energy, etc).  If you tried to rank things....I'd say Covid has been pushed to the number two position in Germany, and the cost of living is now topic number one with most Germans.

All that talk for the past twenty years of getting Germany to 'clean' energy?  Well....if you had asked for a price-tag and analyzed things....clean energy always was going to cost you more in the end.  There never was a cheap clean energy method existing.  You can laugh over that today, but it's the simple truth.

Trying to say the energy increase situation has peaked here in the spring of 2022?  How?  

Over the next month, I would expect more public forums to pick up the topic....at least it's something different than Covid.  


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