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Price fixes through ages show rulers ruin economies
Rep Gwinn cites ancient rulers from Babylon to Diocletian to warn that price control schemes fail. He argues scarcity and black markets follow ceilings, with taxes rising and craftspeople disappearing, concluding no price fixing plan is fit to copy. Hansard is cited as the British equivalent.
MENTIONED IN THIS ARTICLE
Rep
Gwinn
Arabi
Babylon
Christ
Chester Bowles
Asia Minor
France
Philip IV
Hitler
Canute
Rome
Diocletian
Roman Empire