It doesn’t make sense to me. I used to be all like but then everything increases in price still Yada yada. But recently… why can’t we just lower the prices of petrol artificially. Why can’t we just lower housing prices by law?? Why can’t we erase inflation seeing as it’s completely made up anyway.
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Because it requires everyone else to play along. The government can lower prices all they want, if the industries inquestion dont want to lower prices, they wont. Look at Germany, for instance. In the light of Big Oils price gouging, the german government lowered mineral oil taxes to lower prices by 30 cents a liter. This worked for less than a week, until Big Oil just raised the prices by 30 cents a liter and pocketing the change.
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