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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (8406)1/20/2022 1:27:21 AM
From: elmatador2 Recommendations

Recommended By
pak73
robert b furman

   of 13801
 
Capitalism has a signal: Price.
The EU sent a signal: All your fossil reserves and all your infrastructure is now more valuable because there will be no more new financing for fossil fuels.
Big mistake. The Oil&Gas producers sent a signal back by increasing their prices. Energy costs went up and cause an inflationary spike.
Friedrich Hayek: A free price system allows economic coordination via the price signals that change prices.
The EU has sent another signal. Nuclear energy and Gas are to be labelled green.


As the great economist Friedrich von Hayek once said, outbreaks of inflation are almost always “engineered by governments for the gain of governments.”
No difference today.
Now prices have sent a signal to the wokes.

Lesson: Do not mess with the market.
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