The Edict of Diocletian: A Case Study in Price Controls and Inflation

Published: 7/12/2018
The Edict of Diocletian: A Case Study in Price Controls and Inflation
Source: MISES.ORG

[ Previously unpublished online; Faith and Freedom 1, no. 4 (March 1950) .] Citizens of the old Roman Empire distrusted paper currency and refused to accept anything but gold or silver coin as money. So the rulers found themselves barred from inflating the money supply by the unobtrusive method of printing additional currency. But the Roman emperors soon discovered an ingenious device. They procee

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