[supercat]

Price controls don't work.

Price ceilings increase the effective price to the purchaser of any goods whose natural prices fall above the limits, and price floors decrease the value to the seller of any goods whose natural prices fall below them.

Why do so few people understand this?

[Arkinsaw]

Why do so few people understand this?

Everybody likes the idea of free Bubble-Up and Rainbow Stew. Human nature.

If they would only decrease the rents to zero and raise the minimum wage to $50,000 an hour then we would all be well off.