
Hot Summers, Cold Winters
"Apocalyptic."
That's how one popular strategist described the latest PPI print out of Germany, the

You must be logged in to post a comment.
Some hard facts about Germany’s energy situation. It appears their push to transmission to wind and solar and shutting down of nuclear power plants in 2021 is turning into a showcase of the extreme challenge we face in quitting fossil fuel.
https://quillette.com/2022/07/14/germanys-energy-catastrophe/
The blame for the closure of Germany’s nuclear power stations lies firmly with Frau Merkel. She cosied up to Putin and then after the Japanese nuclear disaster decided that Germany should close its nuclear power stations.
+1 to your comment, Dean.
I’m not sure “cosied up” is accurate. Invariably, the response here will be some long list of links purporting to establish said “coziness,” but at the end of the day, the only non-authoritarian leader who’s proven even a semblance of capable when it comes to dealing with Putin was Merkel. The cottage industry in Merkel criticism post-Merkel is unfortunate. Like Monday morning quarterbacking every dropped pass and sack from every game ever played by a team that generally won. You could do the same thing to every political figure in history. Here’s an example: Thomas Jefferson held 600 slaves over the course of his life, according to Monticello. I don’t know about you, but for me that’s disqualifying. So since we’re still lionizing Jefferson, I think we can go ahead and forgive Merkel’s missteps.
It’s very strange and refreshing to read the voice of reason online. Thank you, Heisenberg!
I live very close to Valley Forge National Park and in my only official tour of the place, I overheard a young black girl ask one of the park rangers/docents whether George Washington owned any slaves. The answer was a very hesitant and mealy-mouthed, “Um, well, there is one slave we know about for sure.” This excited the girl who exclaimed, “MOM! George Washington only had one slave!”
I gently but publicly disputed that notion, and was treated to cold shoulders and dirty looks from many of the other visitors during the rest of my tour, except from that girl, who wanted to know how I knew so much about George Washington.
Merkel? Maybe, though she had Fukushima to contend with.
Schroeder? Definitely. And he’s still in bed with Putin.
Maybe the problem is more of a Minsky problem. Many (I’m in this group) thought interdependence would foster stability and improved quality of life. It looks now like the pursuit of interdependence created fragility as well.