The governmental challenge through the welfare invoice has
guided some people to propose rent manages as a option to increasing leases in Britain’s
cities. Rent control, although, is probably the most unambiguously
terrible policy ever to be tried in contemporary european democracy. In concept
and exercise it is a disaster, choking off the supply of new rentable homes and
farming the quality of current rented accommodation.
The theory is easy sufficient. Placing a cost ceiling on any
item below the market place rate causes shortages: need outstrips provide.
Wally Block has a typically superb article in the Library of Economics and Liberty’s On the internet
Encyclopedia of Business economics on this:
