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sunsparkda t1_irbka3k wrote

Reply to comment by mymar101 in Belarus Leader Bans Price Rises to Tackle Inflation by AlxIp

Because if the price the person you are buying from has to pay goes up (because they are buying from outside the market with price fixing) to the point where it's more than he's legally allowed to sell to you + the expenses in selling it, he either "loses" it to the black market or just stops selling it altogether. Either way, you don't get to buy it for the price set, and all sorts of very bad knock on effects happen that make you immensely worse off.

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mymar101 t1_irbkpwb wrote

They should all lose to the black market then.

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sunsparkda t1_irbl61m wrote

At which point you are still paying the higher prices (probably even higher than if the government hadn't engaged in price fixing), and you have all the fun and games of dealing with criminals instead of a legal business.

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mymar101 t1_irbm18y wrote

Yeah well I guess the only real solution is pay people less than enough to live on.

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