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

Can you really not see any challenges with that concept at all? Cost of raw materials would be an obvious place to start. And every govt in the world would have to agree lest you just start importing from elsewhere. No pay rises ever even after becoming much more skilled at your job. No motivation for competition to provide better quality or lower cost. It makes no sense whatsoever.

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