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World

Labour rent controls would be a disaster

15 May 2024

4:39 PM

15 May 2024

4:39 PM

‘Rent control appears to be the most efficient technique presently known to destroy a city — except for bombing,’ declared Swedish economist Assar Lindbeck in 1971. Lindbeck may have belonged to the political left but he understood basic economic principles. He knew that far from lowering prices, rent controls only lead to disaster.

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