Germany considers electricity price cap to support industry

So it’s more subsidies. And where does the money for all those subsidies come from? Exactly right – the printing press. The money is simply created from thin air. We have done that for decades now and much of what was printed over the last two decades went into those green projects. That’s the foundation of our relatively high inflation right now. And as we have created those very foundations over decades, we will take many years living with inflation. The population seems to think that printing money has no consequences but it always has. It eliminates whatever wealth you have created. Spendthrift politicians are way worse than highwaymen. They claim to do good while stripping you naked. 

Germany considers electricity price cap to support industry – DW – 05/05/2023

Economy Minister Robert Habeck wants to support German industry for years to come with lower electricity prices. His electricity price cap proposal is intended to ensure that energy-intensive companies remain in Germany.

dw.com

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