Dec 9, 2023Liked by Jörg Luyken

Two valid points there -

(1) infrastructure spending should indeed be a separate category of bond financing, and many countries treat it separately (and/or finance it through provincial or municipal bonds).

(2) While *one-time, targeted subsidies* can have a specific role (in the case of Intel at Magdeburg) in getting or keeping a specific employer or potentially at some part of an industry that is deemed critical to national security (and securing EU / German chip production independent of Asia does count, since China is getting ever-more capable of taking Taiwan), subsidizing whole sectors' energy prices simply isn't economically sustainable .

-If cheaper energy were available then no subsidies would be necessary. Funnily enough, three high-quality, baseload, carbon-free sources got turned off last year...

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Hey this is cool stuff! I am happy I found you!

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Drop all subsidies and lower unemployment benefits

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