Rent controls are often enacted under the guise of preventing greedy landlords from taking advantage of and making otherwise well-to-do people homeless. These controls, while seemingly benevolent, can often have disastrous consequences for people. On the other hand, if prices fall due to supply being higher than demand, the government often comes in and provides a minimum. a shortage), sometimes government will step in to keep it from getting to high. When prices rise due to demand being higher than supply (i.e. This chapter begins to talk about price controls, which is what happens when a government begins to keep prices from varying freely with financial laws and policy. And so, without further ado, let’s get into it! Chapter Summary Like those previous posts, I’ll be giving an overview, and then some thoughts and analyses based on the chapter. If you haven’t read my first two chapter summaries for this book, here they are.
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