For @paulkrugman . Maybe looking at evidence beyond the USA is relevant?
RT @BaldwinRE: 101 case study
👉 Despite retail price caps .food & power prices in Hungary rose 50% in December y/y
👉 price caps caused shortages of fuel & staples such as sugar as retailers declined to sell below cost, &price rises for non-capped products that consumers bought to compensate

🐦🔗: https://n.respublicae.eu/lugaricano/status/1619628909708054528