4 ms·
> Are there any studies showing the extent to which that is true? There are actually plenty of studies that show that it's not true. Some of them are linked el
by chimeracoder 7y ago
> Are there any studies showing the extent to which that is true?
There are actually plenty of studies that show that it's not true. Some of them are linked elsewhere in this thread. Your intuition is, in fact, correct and supported by a vast body of empirical research.
This is one of the least-controversial topics among economists. It's very difficult to find a topic on which there's more academic consensus than rent control and its effects. But people dig their heels in and refuse to acknowledge it, even when there's copious research behind it.
As Paul Krugman put it, "So now you know why [people say] economists are useless: when they actually do understand something, people don't want to hear about it."
- CPLX 7y agoI have a degree in economics, I'm aware of the concepts being discussed. Consensus changes. Right now many neoliberal market-fundamentalist theories are not holding up well in the context of history. Several things that are taken as gospel by economists, such as free trade is always good, or that low unemployment is too dangerous because it causes inflation, appear now in retrospect to have caused a lot of misery for the middle and lower classes.
- chimeracoder 7y ago> I have a degree in economics, So do I. > Consensus changes. Sometimes, it does. In this case, it hasn't. The consensus on this topic is strong.