By Tim Worstall at Forbes

June 12, 2016

Or at least a number of activist groups are trying to carry out a bombing campaign on the housing market in Silicon Valley by bringing in a system of rent control. For it is a standard jest among economists that rent control is the worst thing you can do to an urban housing market short of aerial bombing. It’s one of those things which is definitely contra-indicated as a public policy therefore. The solution to housing being too expensive is to go build some more housing. On the grounds that this supply and demand thing really does work and it is prices which make it do so.

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