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For context, the Edict on Maximum Prices was such a dismal failure that Diocletian ended up retiring shortly after issuing it... so take the restrictiveness and
by vgel 5y ago
For context, the Edict on Maximum Prices was such a dismal failure that Diocletian ended up retiring shortly after issuing it... so take the restrictiveness and exact prices with a grain of salt (0.0001).
- number6 5y agoIn Durrants The Lessons of History there is a whole chapter on price control. The gist of it: it works most of the times but when it fails ot fails dramatically taking down the whole state with it