8.17.2023

Poorly gifted or just stupid...

That Sweden's inflation was driven by rampant electricity and fuel prices is a fact. Even Sweden's central bank AKA Riksbanken states this on its website.

The fact that Sweden's central bank has had negative interest rates for several years despite the boom has not improved the conditions.

Sweden had a socialist-led government with the support of the Green party during the period October 3, 2014 through October 18, 2022. This means that the current government has been in power for just under 10 months. Nevertheless, there are well-educated people who seriously claim that ongoing inflation in Sweden is the current government's fault.

Not being able to admit that the previous government is to blame for the rampant inflation that started last year just because that's the party you voted for is madness.

Due to the lack of our own oil wells, we have to import both oil and fuel, which have become significantly more expensive due to the depreciation of the Swedish krona against both € and $. To add insult to injury, the previous government raised both the reduction obligation and the tax on fuel.

In addition to this, the previous government also decided on the introduction of the effect tax, which resulted in 4 of Sweden's fully functioning 12 nuclear power reactors becoming unprofitable and decommissioned, which resulted in electricity shortages with skyrocketing electricity prices as a result.

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