Sunday, June 28, 2026

Socialist economists used to say that rent control was the most efficient way to destroy a city—except for bombing

See Rent Control is Worse than Bombing by David Henderson. He goes on to explain why it might be worse. Excerpt:

"[Gunnar] Myrdal stated, “Rent control has in certain Western countries constituted, maybe, the worst example of poor planning by governments lacking courage and vision.” His fellow Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”" 

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