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2/2 our highly qualified Minister of Economy is already developing the next idea to increase the cost of living: a ban on new oil and gas heating systems from 2024. And then? no expertise” https://t.co/RH5JZTaeW0
— Victor vicktop55 (@vicktop55) March 23, 2023
Oh.
I thought rate hikes were supposed to fix inflation?
But hey. Maybe they never said that.
Maybe I just imagined that they said the purpose of these nation-wrecking interest rate hikes was to stop inflation.
RT:
The German Council of Economic Experts (GCEE) has warned that inflation in the country could remain high for longer than expected, or even accelerate if monetary policy measures are offset by risks in financial markets.
According a report from the five-member council, high inflation will continue to inhibit the German economy this year. The GCEE expects an average inflation rate of 6.6% in 2023, and noted that while inflation peaked in autumn 2022, it is still significantly elevated and is likely to decline very slowly.
“Inflation is increasingly more broad-based,” council member Martin Werding wrote on Wednesday. “Higher producer prices and expected wage increases are likely to keep up consumer price inflation well into the next year.”
The inflation rate in Germany is forecast to drop noticeably only in 2024, to 3.0%.
Yeah, it won’t.
The rate hikes don’t do anything other than damage.
This entire thing is a scam, and I’m sick of these retards quoting Keynes at me like I don’t already know these arguments and then refusing to explain how they apply when inflation in current year is entirely driven by government spending.
Germany announced a possible shortage of gas in the winter
To avoid this, companies and households will have to cut consumption even further, Klaus Müller, head of Germany’s Federal Network Agency, told the Financial Times.
Germany’s energy crisis is “not over yet,” he said,… pic.twitter.com/BJKdgGiWSs
— Donbass Devushka (@PeImeniPusha) March 23, 2023
