Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it inhibits construction and creates the very thing it is supposed to alleviate. It is one of those things where people simply don't understand simple economics and, therefore, put in for political reasons what will damage the very people that it is designed to help. Minimum wage levels are another classic example.
Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms. - James M. Buchanan
Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms.
- James M. Buchanan
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as… - James M. Buchanan
If politicians get money to spend and don't have to be responsible for taxation, then of course that will bias their attitude toward more spending as…
Politics is a romantic search for the good and the true and the beautiful. - James M. Buchanan
Politics is a romantic search for the good and the true and the beautiful.
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal governmen… - James M. Buchanan
I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal governmen…
I think the world has changed dramatically since September 11th. It should force us to recognize that we are going to have to defend the free institu… - James M. Buchanan
I think the world has changed dramatically since September 11th. It should force us to recognize that we are going to have to defend the free institu…
The assumption that we can keep societies open and free to everybody is going to have to stop. We are going to have to recognize that some people sim… - James M. Buchanan
The assumption that we can keep societies open and free to everybody is going to have to stop. We are going to have to recognize that some people sim…
Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it i… - James M. Buchanan
Rent control is one policy that economists universally would oppose. It is a grossly inefficient way of allocating housing space and, of course, it i…
We try to prevent the creation of artificial rents. Rather than setting up quotas to stop imports we levy a tariff, that would be better. Or we pay w… - James M. Buchanan
We try to prevent the creation of artificial rents. Rather than setting up quotas to stop imports we levy a tariff, that would be better. Or we pay w…
Politically, sometimes you get situations where rent control will go through. It is especially true in an emergency, where there is a sudden, sharp i… - James M. Buchanan
Politically, sometimes you get situations where rent control will go through. It is especially true in an emergency, where there is a sudden, sharp i…
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