Market Forces

John Stossel

Opinion: The Cost of Rent Control – John Stossel

Rents have reached record highs. But have no fear, renters! In the Minnesota cities of St. Paul and Minneapolis, progressives persuaded people to vote for rent control. That’ll punish those greedy landlords! Except, profits are what persuade builders to build things. When profits are high, other builders build. That’s what creates more housing and, eventually,

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