How Germany blew up its economy

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Last week, I argued that Australia is the dumbest developed nation on Earth for choosing to give itself expensive and unreliable energy when it is literally a global energy superpower rich in everything other than oil.

In retrospect, I should have awarded the “dumbest developed nation” prize to Germany, which stupidly chose to blow up its zero-emission, non-weather-dependent, nuclear generators in favour of wind and solar generation, alongside a return to coal generation.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.