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Speculative real estate bubbles can be reined in with regulation, if you lack the ability to raise rates (not that I'm going to focus much on this, as it wouldn't surprise me if we'll find that Sweden has failed at this very thing).
And yes, I place a very large part of the blame on "responible" German labour unions for accepting the wage suppression.
Peak oil is not an energy crisis. It is a liquid fuel crisis.
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