The Futility Of Price Controls

For many years I have found the notion of price controls interesting mainly because there is vast amounts of historical evidence that state they do not work. Time after time, price controls are put forward as a solution, most recently in Venezuela. Interesting read at Forbes that tracts price controls back to Diocletian, which came as a surprise to this Catholic school boy who only knew about his Christian persecutions.

Forbes: The Futility Of Price Controls