Why can’t the government just set a concrete price for everything (Rent, groceries, etc) and forbid it from ever changing? That would prevent inflation from ever happening, right?
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Capitalism is based on the premise that competing companies provide better quality products for lower prices, and the consumer decides what to buy. The idea is that competition forces companies to maintain good standards and fair prices, leading to a healthy economy.
What really happens is companies produce shit and sell it with good marketing, but that’s the idea.
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