Rishi's Maximum Would Be an Epic Fail.

in #money4 months ago

Today we will look at why when governments impose price caps or controls it always has the opposite effect.

There is talk that the Sunak government could ask supermarkets to "voluntarily" cap prices but all they would do is create shortages and a black market.

This policy has been tried for millennia and it has always failed. Emperor Diocletian tried it in 300 AD, it was tried in revolutionary France, it was tried by President Nixon, and more recently by PM Teresa May.

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