Re: Supply and/or Demand?
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Pretty much. Because the point about economic efficiency and price controls rests completely on the supply side.
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economic efficiency has to also rest on demand side
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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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minor effects in the long term economy is key... over government involvement to disrupt these high prices has little to do with influence major swings in the economy. It has to do with preventing bigger or longer lasting swings in overall market as well as negative side effects that may result in "price gouging" such as a sudden increase in crime like theft.
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