8.24.2023

You can't teach an old dog new tricks

For full transparency, I am in favor of membership in the EU and voted yes in the Swedish referendum in November 1994.

In the 1980s, Sweden was completely self-sufficient. Since then, the degree of self-sufficiency has plummeted and it is partly dependent on our entry into the EU. 

When Sweden joined the EU in 1995, we gained access to an open market with depressed prices. Today we are only self-sufficient in carrots, sugar and grain.

This means that we import most of the food we consume. The weak Swedish krona increases the costs of all the things Sweden imports, which leads to increased inflation.

The main weapon of the Swedish central bank AKA Riksbanken in the fight against inflation is to raise the key interest rate. This "weapon" has been used for the past 11 months without the desired results. Riksbanken must start thinking outside the box.

The height of stupidity is doing the same thing over and over and expecting a different result - Albert Einstein

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