>Economists are virtually unanimous in concluding that rent controls are destructive. In a ..."> >Economists are virtually unanimous in concluding that rent controls are destructive. In a ..." /> BoaterTalk: Yessir, price fixing has a long history of resounding success!
Whitewater
General
gack Yessir, price fixing has a long history of resounding success!
Forum: Liquid Lounge
rlhartman
834
Rent controls are a form of "price fixing". What's the consensus?

>>Economists are virtually unanimous in concluding that rent controls are destructive. In a 1990 poll of 464 economists published in the May 1992 issue of the American Economic Review, 93 percent of U.S. respondents agreed, either completely or with provisos, that "a ceiling on rents reduces the quantity and quality of housing available." Similarly, another study reported that more than 95 percent of the Canadian economists polled agreed with the statement. The agreement cuts across the usual political spectrum, ranging all the way from Nobel Prize winners milton friedman and friedrich hayek on the "right" to their fellow Nobel laureate gunnar myrdal, an important architect of the Swedish Labor Partyâs welfare state, on the "left." <<

Just swap "health care" for "housing" and you can predict the future of price-fixed health care. But hey, who cares if the quality of health care goes down - as long as it's "fair" and "we save a lot of money", right?

http://www.econlib.org/library/Enc/RentControl.html
Wait...
Facebook Twitter Stumbleupon Reddit Digg Delicious Linkedin