Will the US or UK resort to widespread price and wage controls in 2023?
7
150Ṁ1640
resolved Jan 3
Resolved
NO

Resolves YES if the linked article turns out to be basically correct – ie. even the US or UK turn to new “widespread”, “merciless” price and wage controls this year.

Resolves NO otherwise.

(I find this Saxo’s prediction to be one of the trickiest to handle. I’ll use careful judgment and defer to sources like WSJ, The Economist, or WaPo if possible. For calibration, a moderate minimum wage increase or small tinkering with preexisting UK energy price caps wouldn’t count, but a price cap on eggs or bread clearly would. Suggestions and feedback are welcome, I may adjust the criteria a little.)

Context: Saxo Bank released a list of “outrageous predictions” for 2023, and it includes “Widespread price controls are introduced to cap official inflation.”

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Of the two the UK struggled much more and floated the idea of pressuring retailers in the spring (https://www.theguardian.com/business/2023/may/28/uk-voluntary-price-limits-basic-foods-rule-out-caps), but that seems to be it.

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