2 thoughts on “Rent controls: the revenge of Econ 101”

  1. Posted 20/08/2020 at 12:04 | Permalink

    “Hayek shows how rent controls do not just lead to shortages of rental properties, but have all sorts of secondary effects that distort the wider economy, for example the reduction in labour mobility. ”

    I suspect that many of the same issues occur when it comes to ‘social housing’, e.g. reduced labour mobility because of a reluctance to give up tenure of below-market-price social housing.

  2. Posted 20/08/2020 at 20:41 | Permalink

    There’s an album called “Relentless” featuring the artist (a comic in this case) in the middle of the desert talking truth to the sand and no-one is listening.
    This excellent piece on price controls reminds me of that.

Leave a Reply

Your e-mail address will not be published.