this post was submitted on 21 Sep 2023
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Well, I mean, if you want the German government to cover the cost, they don't magic money up out of the air. They get it via taxation of industry and workers.
If what you're saying is "I am running a company in an energy-intensive industry and I want subsidies paid for by non-energy-intensive industry," okay, but you're still pulling it from industry and workers.
Every other country in the world just issues bonds/debt to generate this "magic money up out of thin air". Yes it's eventually paid back through taxes but you fix the problems and then the industries your helping pay it back over time. That's how debt works.
As you point out, if it issues bonds, the government is going to pay that back, plus interest.
The issue isn't that Germany cannot get access to capital. The issue is that he can't assert that industry and workers shouldn't be hit with the bill, because they're going to be paying it, one way or another. It might be companies in a different sector than his own, which I expect is what he hopes to see. But one way or another, it's going to be workers and industry.
Minus inflation.