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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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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Anonymous 0 Comments

The government doesn’t own the means of production so they can’t set the price. Unless the government just takes over the economy it doesn’t work and the government taking over the economy didn’t work so well for the USSR

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