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Price fixing through history ends in ruin, says Gwinn
Ralph W. Gwinn of Bronxville argues in Congress that price control by governments has repeatedly led to scarcity and collapse from Babylon to Rome. He cites Hammurabi, Diocletian, and other rulers who imposed ceilings, raised taxes, and triggered shortages, decay, and revolt.
MENTIONED IN THIS ARTICLE
Ralph W. Gwinn
Bronxville
Congress
Gwinn
Hammurabi
Babylon
Christ
Chester Bowles
Asia Minor
France
Philip IV
Hitler
Canute
Rome
Emero Diocletian
Roman Empire
Diocletian