Austrian School of Economics for the win

The Swedish Central Bank (Riksbanken) needs reform - I used to think the "interest rate weapon" was just outdated and clumsy. Then I discovered the Austrian School of Economics goes much further: central banks aren't merely flawed; they're unnecessary and actively harmful.

Listening to Klaus Bernpaintner explain Austrian economics - and why the dominant Keynesian view of central banks is flat-out wrong and makes people poorer - finally put words to what I've long felt but couldn't articulate. I've always bristled at talk of "the market" as some mystical, independent entity. Bernpaintner nailed it: quote "Marknaden finns inte. Det är bra eller dåliga affärer." (The market doesn't exist. There are only good deals or bad deals.) unquote.

Good deals create real value through voluntary exchange, honest pricing, and genuine entrepreneurship. Bad deals waste resources, often because prices are distorted by artificial credit, subsidies, regulations, or political favoritism. When politicians and central banks meddle - handing out grants, propping up failing ventures, or manipulating interest rates - they don't "help the economy." They force-feed bad deals, crowd out good ones, and set the stage for malinvestment and inevitable busts.

If we stopped the subsidies, bailouts, and monetary tinkering, truly viable businesses and innovations would thrive on their own merits. Anything that can't stand without crutches from the state probably shouldn't exist in the first place.

Turns out I'm more Austrian than I ever realized...

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Imagine being so narrow-minded

For transparency and my own agenda: I strongly dislike our previous government—the Social Democrats, with the support of the Green Party and the tacit acceptance of the Left Party. Politically, I am very far from the Swedish Social Democrats, their partner parties, communism, and socialism. To me, socialism is a system that benefits the lazy at the expense of the hardworking.

Too often, you see posts on social media where socialists and communists share their flawed / poorly thought-out ideas. Some of their ideas are like black holes: so dense that no light (or sense) can escape. Pure darkness.

A common example is profitable companies should be owned by the workers/collectives because 'they do all the work'. This particular way of thinking makes me so incredibly frustrated. A company does not become profitable on its own; it needs a committed and passionate leader who is prepared to sacrifice a great deal for its success - something that far from everyone is prepared to do.

The only time the Left admits that a company's development depends solely on the owners/management is when a company goes bankrupt.

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To keep their sanity, they must keep the lie alive

For transparency and my own agenda: I strongly dislike our previous government—the Social Democrats, with the support of the Green Party and the tacit acceptance of the Left Party. Politically, I am very far from the Swedish Social Democrats, their partner parties, communism, and socialism.

Videos from both sides show the "tolerant, inclusive, empathetic" Left doesn't practice what they preach. They demand no borders or walls anywhere—yet in Minneapolis, left-leaning protesters are building barricades and creating makeshift "borders" to block streets, federal agents, and access in protest zones.

They claim to fight injustice for the little guy, but the real driver is raw hatred for the Trump administration—disguised as concern for illegal entrants. To justify their clashes, vandalism, and interference, they've convinced themselves their narrative is truth.

The worst part: they must cling to this lie, or face the reality that they've risked themselves and others to defend people who entered illegally—some linked to serious violent crimes.

I don't want to be anywhere near them when the penny drops.

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Thank God for Nvidia

Recently, NVIDIA announced major advances in more energy-efficient AI chips, most notably with their latest platform unveiled at CES on January 5, 2026. At CES 2026, NVIDIA introduced the Rubin platform, which includes six new chips centered around the Vera Rubin accelerator.

This next-generation architecture—following Blackwell—places a strong focus on improving power efficiency for AI workloads.

Key takeaways:

• The Rubin platform is designed to significantly reduce power consumption and costs for AI training and inference.
• It features improved networking efficiency, such as Spectrum-X Ethernet Photonics delivering 5x better power efficiency.
• NVIDIA CEO Jensen Huang emphasized that these chips enable far more efficient data center operations—to the point where some traditional cooling systems (like chillers) may become unnecessary.

Thank goodness for non-European companies like Nvidia whose innovations can reduce the strain on Europe's electricity grid, whose instability has increased as Europe demolishes nuclear power plant after nuclear power plant.

Personally, I don't believe these future energy savings—estimated at up to 40% more efficient in some contexts compared to previous generations—will meaningfully reduce the current global energy deficit for AI and computing.

In an ideal world, it could temporarily ease pressure on overloaded power grids worldwide. But unfortunately, I suspect the total energy demand remains roughly constant: as efficiency rises, something new (more AI use, larger models, new applications) will quickly consume the savings.

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We used to be the best in class, now we're the class clown

As a European, I will never have to "worry about" possible interference or takeover by foreign powers. The EU has ensured this by adopting thousands of different regulations that eliminate all innovation and forward thinking so that absolutely no one will be interested in trying to take over Europe within the next 100 years.

As an example of this, one can compare the American company SpaceEx which invents rockets that return to Earth ready for the next rocket, while Europe "invents" the non-removable cap for plastic bottles...

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