Economics
Interest Rates Aren’t the Only Weapon in Global Inflation Fight
- Governments cap prices, attempt to intervene in supply chains
- Broader debate is brewing about how best to manage inflation
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As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.
There’s a long history of other policies aimed at tamping down prices. Many of them -– along with some new ones –- are being wheeled out again now, from U.S. President Joe Biden’s supply-chain task force and Europe’s energy subsidies to Argentina’s across-the-board controls.