A country in eastern Europe has announced its way of tackling ballooning inflation — by banning prices from rising.
The president of Belarus, Alexander Lukashenko, said on Thursday that he was placing a ban on consumer price rises in response to high inflation across the economy.
Belarus’ Alexander Lukashenko has found a novel way to fight inflation: ban prices from rising pic.twitter.com/n33vLdxklh
— max seddon (@maxseddon) October 6, 2022
The ban would be in effect immediately, with Lukashenko saying that any price increase would be “prohibited,” Reuters reported him saying via the state-run news agency, Belta.
The move by Lukashenko has created a flurry of memes and comments questioning the tactic and its effectiveness.
“From October 6, all price increases are forbidden. Forbidden!” pic.twitter.com/TG4Z12NU62
— Faytuks News Δ (@Faytuks) October 6, 2022
Problem solved. Next step prohibit homelessness as people must buy homes to notbe homeless pic.twitter.com/ozw7tnjBC5
— Xy5Z89🇩🇪🇪🇺 (@Xy5Z89) October 6, 2022
And the Nobel price for economics goes to…
— 60° North 🌻🏞️ – 🇺🇦 (@holminjone) October 6, 2022
I lived in Belarus. He also said that the COVID does not exist, because you don’t see it 😅
— Fred Dubsky (@Fredd76192022) October 6, 2022
And just like that he solved the inflation problem forever and ever – and all the people on the land lived happily ever after
— Pocket Lettuce (@PocketLettuce) October 6, 2022
It’s gonna be a harsh, hungry winter for Belarussians.
— Anita Pavoni 🇪🇺 (@AnitaPavoni) October 6, 2022
More than 9.4 million people live in Belarus, with Lukashenko ruling in the country since 1994.