13 sats \ 1 reply \ @xanny 24 Mar 2023 \ on: Bank of England chief begs companies to not raise prices to bring down inflation bitcoin
Reminds me of when Zimbabwe made inflation illegal.
In 2007, the government declared inflation illegal. Anyone who raised the prices for goods and services was subject to arrest.
https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe
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11 sats \ 0 replies \ @SpaceHodler 25 Mar 2023
In that case, instead of raising prices, they could have switched to a different service or good. E.g. imagine you're selling regular potatoes for $1 / kg. Next month you want to sell them for $10 / kg, but you're not allowed to raise the price, so cast a spell on them and sell enchanted potatoes for $10 / kg. A new, completely different product, so it wasn't a price rise.
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