Fighting Inflation with price controls. It’s Genius!
Article by Simon Black of Sovereign Man (republished with permission) May 18, 2022 One of the most repeated lessons we see over and over again throughout human history is that bumbling politicians almost invariably try to ‘fix’ inflation with price controls. Emperor Diocletian famously imposed strict price controls across the Roman Empire in 301 AD to fight off inflation that had resulted from a massive debasement of the Roman currency. Naturally, Diocletian’s price controls weren’t …