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Funny thing is that rent control is one of these issues that is non controversial among economists, from the most Keynesians to the most libertarians, they all
by patrickaljord 12y ago
Funny thing is that rent control is one of these issues that is non controversial among economists, from the most Keynesians to the most libertarians, they all agree that it's a bad idea. In fact, socialist economist from Sweden Assar Lindbeck said: “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”.
Rent control is usually pushed by ruthless politicians to buy votes and end up being catastrophic for the cities victim of such policies.
- ageek123 12y agoYep, even Paul Krugman thinks rent control is a bad idea: http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-affair.html http://www.nytimes.com/2000/06/07/opinion/reckonings-a-rent-...