The worst of government poor planning: An economic argument against rent controls

The worst of government poor planning: An economic argument against rent controls

“In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”i

Jeremy Corbyn’s announcement that Labour would seek to implement rent controls, were it to get into power, is not a new idea. It is, nevertheless, a terrible idea; both for those it seeks to help and for the wider population, as I will prove in this article.

High rent is a signal to the market to provide more housing to let and capping …

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The Hope of Affordable Housing – A Modern Fairy Tale

The Hope of Affordable Housing – A Modern Fairy Tale

A Modern Fairy Tale

“I’ve got good news and bad news,” says the politician behind the podium – live on tv – sweat dripping from his brow…

“Here’s the bad news – ”

A moment of gravity descends the Nation as they await the words that follow…

“The value of your houses are going to fall – dramatically. Maybe by 50, 60 per cent – Maybe less, maybe more – I can’t exactly say by how much, but they’re going to fall, and they are going to fall badly. …

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We Shouldn’t Even Need a Basic Income to Meet Everyones Needs!

We Shouldn’t Even Need a Basic Income to Meet Everyones Needs!

Over the past couple of years the popularity of the proposal for a basic income, paid to everyone in the country regardless of their income and occupation (or lack of one) has become increasingly popular. For people on lower incomes it would be in the form of a “negative income tax”; for people on higher incomes it would take the form of a tax deduction; and for people in between they would get a graded combination of both.

It’s easy to see the appeal.

It would make sure that …

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