Price Caps – Short-Term Populism, Long-Term Bankruptcy

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Author: Jessie Baneș The government recently decided to extend the cap on the commercial mark-up on basic foods for another six months. The measure is presented as a support for consumers, but beyond the immediate effect, reality shows that we are dealing with a populist measure rather than a real economic solution. Prime Minister Ilie Bolojan indirectly acknowledged this: the cap is only a temporary measure, and the only real way to lower price…