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Old 08-29-2005, 02:42 PM
sam h sam h is offline
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Join Date: Sep 2002
Posts: 742
Default Re: Supply and/or Demand?

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I see. Your analysis completely excludes demand from the equation. His inclusion of demand you find to be "dumb anecdotes" and "beside the point".

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Pretty much. Because the point about economic efficiency and price controls rests completely on the supply side. Controls shifting the demand curve in the short term has nothing to do with efficiency. In addition , the points he makes about demand - that large families will get fewer rooms and that people with decent enough houses wont get rooms - are totally speculative and probably represent very minor effects anyway.
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