cm on Nostr: In 301, Diocletian issued an edict to cap prices and end the “abominable profits of ...
In 301, Diocletian issued an edict to cap prices and end the “abominable profits of thieves” that had restricted goods from reaching the market.
The policy failed swiftly and completely. Taxes soared to unprecedented levels to fund the edict’s enforcement. (The state had yet to adopt public borrowing to mask wastefulness and delay the consequences of failed policies.)
High tax burdens led many villages to be abandoned, prompting the emperor to impose serfdom in agriculture, factories, and guilds.
[[[[The Story of Civilization]]/Caesar and Christ]] (642)
The policy failed swiftly and completely. Taxes soared to unprecedented levels to fund the edict’s enforcement. (The state had yet to adopt public borrowing to mask wastefulness and delay the consequences of failed policies.)
High tax burdens led many villages to be abandoned, prompting the emperor to impose serfdom in agriculture, factories, and guilds.
[[[[The Story of Civilization]]/Caesar and Christ]] (642)