Well, I for one am an economist who supports rent controls! Here’s why 🧵: Markets only work well if: -buyers & sellers have roughly equal power -producers respond to price signals & expand supply in response to scarcity -buyers can walk away if prices get too high
Ash Sarkar: "The one thing the govt could do to improve the lives of young people is introduce some rent controls" Govt minister Jonathan Reynolds: "No economist supports rent controls" There you have it. Are you a young person trapped paying exorbitant rent? The Labour govt says f**k you.