The True Democracy of Voluntary Exchange

Diocletian1

Diocletian, Roman Emperor from 284 to 305, instituted his Edict on Maximum Prices, which was an attempt to curb inflation using price controls. Not surprisingly this was a colossal failure.

Diocletian, Roman Emperor from 284 to 305, instituted his Edict on Maximum Prices, which was an attempt to curb inflation using price controls. Not surprisingly this was a colossal failure.

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