Hello for the rebel capitalists, hope you're well.

So we've got news out of the ECB, European Central Bank saying,

wait a minute here, we watched the George Gamine rebel capitalist channel yesterday and we are starting to see the light

these oil price caps might not be a good idea or the long run so first first and foremost Christine Lagarde, thank you very much for watching the

Rebel capitalist channel and you should try watching some of my whiteboard videos as well.

Let's get into this article from

CNBC title European Central Bank warns that an

EU price cap risks financial stability. Like I said exactly what we were talking about yesterday on this very

channel. Now for those of you who are new I'm joking I highly doubt the ECB and Christine Lagarde are watching the Rebel capitalist channel.

Just wanted to make sure everyone's on the same page.

Okay, let's go through the key talking points.

The EU has been in intense discussions for several weeks over how to impose a limit on gas prices and

discussions continued ahead of Ministerial meeting Tuesday? Ministerial meeting Tuesday?

Meeting Tuesday? Ministerial, okay?

Again, just goes right back to our video yesterday.

The cure for high prices is not price controls.

That's how you make things worse, for

even sakes.

The cure for high prices is high prices. Why? Because it increases supply for evon sakes and decreases demand. And that's

how you bring down the price of something. You don't do it by trying to limit the price with this

tops down type of central planning that never ever ever ever has worked

throughout human history and it only makes things worse over the long run.

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