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<p>[QUOTE="John Anthony, post: 8211184, member: 42773"]I don't pretend to understand the complexities of economics, but it seems that governmental price fixing invariably causes inflation. Diocletian certainly experienced that, as have many ruling authorities since. Often the results are economically disastrous. And yet many people harbor the delusion that just one more layer of governmental control will suddenly make things better. (Insert definition of insanity.)</p><p><br /></p><p>One of the most successful ancient economies was that of the Phoenicians, who ran an enormous, <i>decentralized, </i>trade network unencumbered by totalitarian and expansionist thugs like Alexander "the Great." When free trade prospers, everybody is better off and inflation doesn't incessantly rob the citizen's purse of its value.</p><p><br /></p><p>Read <i><b>The Rational Optimist, How Prosperity Evolves</b></i>, by Matt Ridley.[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 8211184, member: 42773"]I don't pretend to understand the complexities of economics, but it seems that governmental price fixing invariably causes inflation. Diocletian certainly experienced that, as have many ruling authorities since. Often the results are economically disastrous. And yet many people harbor the delusion that just one more layer of governmental control will suddenly make things better. (Insert definition of insanity.) One of the most successful ancient economies was that of the Phoenicians, who ran an enormous, [I]decentralized, [/I]trade network unencumbered by totalitarian and expansionist thugs like Alexander "the Great." When free trade prospers, everybody is better off and inflation doesn't incessantly rob the citizen's purse of its value. Read [I][B]The Rational Optimist, How Prosperity Evolves[/B][/I], by Matt Ridley.[/QUOTE]
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