TheDemonBuer@lemmy.world to News@lemmy.world · 4 months agoAnalysis: The fertility crisis is here and it will permanently alter the economy | CNN Businesswww.cnn.comexternal-linkmessage-square127fedilinkarrow-up1191arrow-down128
arrow-up1163arrow-down1external-linkAnalysis: The fertility crisis is here and it will permanently alter the economy | CNN Businesswww.cnn.comTheDemonBuer@lemmy.world to News@lemmy.world · 4 months agomessage-square127fedilink
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up5arrow-down1·4 months agoWhat country would you point to as a success for this policy?
minus-squareslacktoid@lemmy.mllinkfedilinkEnglisharrow-up1arrow-down2·edit-24 months agoCan i have your list of valid countries to choose from so that my answer doesn’t get disqualified for picking a third world country. a maximum retail price exists for most if not all goods in India. And it helps slow down inflation.
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up3·4 months agoIndia would be perfectly valid if it wasn’t experiencing high inflation just like everyone else. Which it is. https://finimize.com/content/rbi-chief-urges-india-to-cut-inflation-despite-strong-growth You can’t fix inflation just by setting a max price. It leads to shortages or (more common in India’s case) retailers finding loopholes: https://www.thehindu.com/opinion/op-ed/maximum-retail-price-is-an-archaic-dysfunctional-mechanism/article7452745.ece
minus-squareslacktoid@lemmy.mllinkfedilinkEnglisharrow-up1·4 months agoDidn’t say it solves inflation. You cant stop a global phenomenon happening. You can ease it.
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up1·4 months agoHere’s India’s inflation chart for the past few years: https://www.equentis.com/blog/wp-content/uploads/2023/10/image-87.png Here’s the US: https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE They aren’t easing anything.
What country would you point to as a success for this policy?
Can i have your list of valid countries to choose from so that my answer doesn’t get disqualified for picking a third world country.
a maximum retail price exists for most if not all goods in India. And it helps slow down inflation.
India would be perfectly valid if it wasn’t experiencing high inflation just like everyone else. Which it is.
https://finimize.com/content/rbi-chief-urges-india-to-cut-inflation-despite-strong-growth
You can’t fix inflation just by setting a max price. It leads to shortages or (more common in India’s case) retailers finding loopholes:
https://www.thehindu.com/opinion/op-ed/maximum-retail-price-is-an-archaic-dysfunctional-mechanism/article7452745.ece
Didn’t say it solves inflation. You cant stop a global phenomenon happening. You can ease it.
Here’s India’s inflation chart for the past few years: https://www.equentis.com/blog/wp-content/uploads/2023/10/image-87.png
Here’s the US: https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE
They aren’t easing anything.