Forum: Liquid Lounge
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Greece and France kick out austerity leaders. Defaults may start looking like a good option. rlhartman New
>>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


