Nemeski@lemm.ee to Europe@feddit.orgEnglish · 2 months agoHungary announces food price cap to fight inflationwww.euractiv.comexternal-linkmessage-square6fedilinkarrow-up155arrow-down12
arrow-up153arrow-down1external-linkHungary announces food price cap to fight inflationwww.euractiv.comNemeski@lemm.ee to Europe@feddit.orgEnglish · 2 months agomessage-square6fedilink
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up5·edit-22 months agoNo, they’ve tried this before, it raised inflation as prices went up on everything not in the cap, and the stuff in the cap ran out in days. It lets the average voter blame the retailers for prices instead of the government is all it does.
minus-squareHotznplotzn@lemmy.sdf.orglinkfedilinkEnglisharrow-up1·2 months ago No, they’ve tried this before, it raised inflation as prices went up on everything not in the cap, and the stuff in the cap ran out in days. Didn’t know that they tried this before, but the effect is absolutely predictable. This is neither a ‘price cap’ nor a ‘profit-margin cap’ imo.
No, they’ve tried this before, it raised inflation as prices went up on everything not in the cap, and the stuff in the cap ran out in days.
It lets the average voter blame the retailers for prices instead of the government is all it does.
Didn’t know that they tried this before, but the effect is absolutely predictable. This is neither a ‘price cap’ nor a ‘profit-margin cap’ imo.