The BAB chat: Price caps
I know, again. This week Armando, David, and I discussed all the price caps considered by politicians as a means of reining in energy inflation that’s about to cost them their careers. We concluded it won’t work as intended.
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Made me chuckle a bit. I grew up in Sydney ( a city in permanent denial of Winter but can get quite cool) where standard indoor winter dress was Ugg boots,a beanie and a flannelette shirt. Houses back then and in many neighbourhoods were so bad at insulation and lack of heating that when you got up in the morning you would go outside to warm up! Fingers and toes were always cold. The first time in my life I ever wore a T shirt inside in winter was in the Czech Republic in January.
Irina, it is a great talk this week with you, David and Armondo. Well worth anyones time to watch.