See? When martin is embarrassed he will respond. Yes I understand the competing theories of price controls and I appreciate the citation. But what I asked was for evidence that "price controls have never worked". And just to shut up 123, I offer that during both world wars The United States imposed price controls on food and certain strategic materials in a successful effort to maintain affordability of staple foods and goods, to prevent price gouging during shortages, to slow inflation and to insure a minimum income for providers of certain goods. Likewise price controls were implemented on wages and products produced when industry was mobilized for war production to prevent shortages of civilian goods and to prevent war profiteering. This was also successful and popular with the public. Obviously that was done to meet an emergency situation, bur it WAS an instance of price controls working for the good of the nation. Correspondingly, some major cities when faced with a shortage of affordable housing have used price controls to successfully deal with it. While I can agree that under ideal circumstances price controls are not needed, it is rash and imprudent to imagine that price controls can never and have never worked . . . because they have.
Umm, well when the government requires resources to fund over 15 million troops + equipment, yea, the prices will go up BECAUSE OF THE GOVERNMENT which equaled bad news so they had to FIX THEIR OWN PROBLEM.... Yes Red, continue.....
Just to shut Red up... "Rent control was another factor. In order to have an effect, the rent level must be below that which would otherwise prevail, because controls prevent rents that attain market clearing levels and shortages result. Many economists agree that rent controls are destructive." http://www.u-s-history.com/pages/h1689.html Also talks about your goofy war spill which really only showed you are clueless on this subject...
right, but you are implying that economists are competing. they are not. they know basic economic facts like how supply and demand works. the "competing" theory is advanced by pandering idiot politicians. you are talking about a time when rationing was in effect! what does that have to do with anything? when we are at war and goods are rationed it sucks. you can say it was "successful and popular" to control prices but people are not happy. they hated it. they just shut up because we were at war. you are basically trying to make a point out of the fact that things were crappy and everyone was poor and made sacrifices for the war effort. that isnt an example of price controls working, it is example of shitty times that everyone hates. when? where? what are you talking about? the basic principles of economics dont take a day off and reverse themselves sometimes. a shortage of affordable housing is necessarily worsened by price controls. when? where?
every example of rent control is an example! in the 70s in the bronx it got so bad that landlords would burn their own buildings. this led to terrible housing shortages and complete ruination of entire neighborhoods! again, like i said in the very start of this thread, rent control is the way to ruin cities. people need places to live and no one likes to offer them places to live if they cant charge market rates. this NECESSARILY creates shortages. i dont know how many times i have to explain this. why does a grown ass man go to such great lenghts to be ignorant, even as i explain something repeatedly.
