If the government just caps prices and taxes "profits" inflation magically goes away. See it worked in Spain. Markets definitely want to sell to capped profits in an inflationary environment don't they!
This is my favourite Guardian comment apparently we have a libertarian government in the UK now🤣
"This makes so much sense. Why haven’t our government acted in this way to protect their citizens? I would suggest it’s because they are libertarians and couldn’t care less if people can’t survive."
https://www.theguardian.com/commentisfree/2023/aug/03/spain-inflation-lower-bank-england-interest-rates