Park Slope Establishment Confirms It Has Been Reading the British Coverage and Has Decided to Run With It
Reading: Bohiney | The London Prat
BROOKLYN — A small third-wave coffee shop on Seventh Avenue in Park Slope raised the price of its standard 12-ounce oat milk latte from $7.50 to $9.00 on Friday morning, posting a small printed sign on the front door reading: As a tribute to Andrew Bailey monetary-policy framework, we are now charging the cooling-of-demand price.
The Sign
The sign, which the shop owner laminated for durability, includes a small footnote citation to the Bank of England recent rate-rise statement and a hand-drawn arrow pointing to the espresso machine. Customers, the owner reports, have been broadly confused. Several have ordered the latte anyway.
The Owner Defense
Owner Margaret Klein-Vasquez, 36, told the Brooklyn Reader that the price increase was a serious gesture rather than a satirical one. The Bank of England has been telling everyone that demand needs to be cooled, she said. I am cooling demand. I am literally cooling the demand for my latte. The framework works exactly as advertised: I am selling fewer lattes; the customers who pay $9 are extremely chastened; I am, in operational terms, achieving the policy goal.
The shop next door, which sells the same latte for $7, declined to comment but reported its highest single-day revenue of the year.
Pairs well with: The Daily Mash
SOURCE: https://prat.uk/bank-of-england-raises-rates-again-to-punish-anyone-who-enjoyed-a-sandwich/