[deleted] t1_iznol2c wrote on December 10, 2022 at 1:49 PM

Reply to comment by misdirected_asshole in [OC] Inflation heatmap for 44 European, other DM and EM countries by adebar

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SupaflyIRL t1_izns5o0 wrote on December 10, 2022 at 2:20 PM

Neither did Sweden but good job on your first ever attempt at geopolitical analysis lil guy!

Fattuzo t1_izov4ps wrote on December 10, 2022 at 6:59 PM

Sweden did print more money than usual during Covid

Source: https://tradingeconomics.com/sweden/money-supply-m2

luaks1337 t1_iznzb5z wrote on December 10, 2022 at 3:18 PM

That's not the reason for why their inflation is so low. Switzerland has backed 95% of the Swiss Franc with Gold reserves. When the Swiss Franc inflates they just trade the Gold for their own currency and buy it off of the global markets. The result is a decreased supply of Swiss Francs in foreign markets. Scarce supply means an increase in value therefore counteracting inflation.

I believe the ECB (and most other countries) have backed their currency by less than 10% which makes it much harder to counter steer inflation.

[deleted] t1_izo3f3j wrote on December 10, 2022 at 3:49 PM

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luaks1337 t1_izoegst wrote on December 10, 2022 at 5:06 PM

Listen buddy if you want to discuss whether lock down strategies make sense or not you can do that but in the case of Switzerland the by far most relevant factor is the excellent backing of the Swiss Franc.

Zr0w3n00 t1_izo7h8w wrote on December 10, 2022 at 4:18 PM

Might be the worst piece of geopolitical analysis I’ve ever seen

LouSanous t1_izrusnu wrote on December 11, 2022 at 11:14 AM

China did lockdowns and spent a bunch of money and they don't have inflation either.

misdirected_asshole t1_izs83ib wrote on December 11, 2022 at 1:42 PM

That doesn't explain why they've consistently had lower than average inflation numbers going all the way back to 2013. Covid is only an impact for the last three years of data.