A Diocletian blind spot in the world of central banking? Surely not!
Simply incredible stuff from the BoE’s Andrew Bailey yesterday (a.k.a Thursday). Is it really truly conceivable that Bailey hasn’t come across how and why Diocletian’s maximum price edict failed? He has got a history degree from Queen’s College, Cambridge, after all? Yet here’s his stance on how best to moderate UK inflation. From, the Telegraph: […]