Asset price inflation and consumer price inflation then follow in strange and unpredictable ways.
With the best of intentions, the noble planner makes their best guess of the appropriate price control.
Without market determined prices for goods and services via free exchange it is impossible to establish prices that reflect actual conditions.
Regrettably, price controls don't stop with just goods, commodities, and services.
Remember, credit, like a commodity or good, has a price attached to it.
Like fixing the price of a commodity or good by a central planning authority, fixing the price of credit by a central bank - such as the Federal Reserve, European Central Bank, or Bank of Japan - is also an utter failure.
As prices rise, politicians and central planners - people like Alexandria Ocasio-Cortez and Janet Yellen - will look to pin inflation on evil capitalists and price gouging business owners.
https://economicprism.com/karl-marxs-road-to-hell-is-paved-with-fake-money/
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