Posts Tagged price controls
Want to see a dramatic increase in homelessness? Just add rent control
Posted by Nick Cowen in Economics, Tax and Spend on 27/09/2011
A Guest post by Peter Morgan over at LeftFootForward offers a real blast from the past. He suggests introducing price controls on rental properties. His theory is that this will act as a simple transfer of wealth from property owners to renters (who spend more of their income), thus stimulating the economy far better than quantitative easing. Well-intentioned as this idea is, few other measures would be more likely to punish low-income renters.
