Thursday, February 12, 2009

New York Ponders a New Rent Control Law.

The always delicious Megan McArdle puts it like this:

In times like this, it’s easy to believe that if you laid all the economists in the world end to end, they still wouldn’t reach a conclusion. But here’s one of the things that basically everyone, left to right, agrees on: rent control is the surest way to destroy a city’s housing stock short of aerial bombing.

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