Economics

Having both tested positive for Covid, Anna and I have had to postpone the viewings of the house, meaning that the whole process is put on hold for now. Considering the market situation, we are not in a position to buy anything until we have first sold the house, but hopefully it will not be that long until we have a new home.

After decades with falling interest rates and low inflation thanks to automation and China’s entry into the world economy, we are now seeing a return to the energy-driven inflation of the 1970’s. Consistently mistaking levelized costs for system costs, the proponents of renewable energy have a large responsibility for causing this situation as wind and solar have deepened fossil dependency and fragilized the grid in a time when we should have made clean electricity abundant and cheap. Although I did not foresee the madness in Ukraine, it should have been obvious that relying on the goodwill of corrupt foreign elites for your energy supplies was never going to be a good idea. 

While I still believe that Europe could have done a lot more to integrate Russia politically and socially, it is important to remember that the hypermasculine worldview and values of Putin is not at all that different from our own Sweden Democrats. While these forces have been narrowly defeated in previous elections, I am afraid that a worsening energy crisis may be just enough to tip the balance.