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44 sats \ 3 replies \ @siggy47 OP 17 Jul 2023 \ parent \ on: Five Economic Terms You Should Know When Learning About Bitcoin bitcoin
Very true. I didn't discuss beneficial rent seeking in my article. Excellent example.
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21 sats \ 2 replies \ @Bell_curve 17 Jul
Rent control is an example of price control. Rent control is an example of rent seeking for tenants who live in old buildings
California has a ballot initiative this year in November called the Justice for Renters Act. It seeks to give cities and towns more authority to cap rent. Landlords oppose justice!
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13 sats \ 1 reply \ @Undisciplined 17 Jul
Correct, although landlords adjust their behavior to bring their marginal cost down to the artificially low rental rate.
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21 sats \ 0 replies \ @Bell_curve 17 Jul
No repairs No maintenance
It’s Calcutta on the Hudson as Daniel Patrick Moynihan would say in a different context
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