The earliest citations are for Imperial Rome, under Diocletian, and an earlier version during one or another of the wars of Greek history. Price controls seem to have some constant features:
- The price of some commodity, usually but not always a staple grain begins to rise.
- As the price increase pinches more people, and pinches harder, our ever alert Politicians seek to curry favor from the populace.
Posted in honor of the Punitive Tariff imposed on Chinese steel.