Tinkering with market forces is rarely a good idea
September 23rd, 2008
In economics 101 you learn that when you interfere with market forces, you disturb the delicate balance of the market. Rent price control creates shortages and diminishes the incentives to renovation apartments; the careful control of the number of medallion taxes and the prices they can charge creates imbalances where there are sometimes a slew [...]
In economics 101 you learn that when you interfere with market forces, you disturb the delicate balance of the market. Rent price control creates shortages and diminishes the incentives to renovation apartments; the careful control of the number of medallion taxes and the prices they can charge creates imbalances where there are sometimes a slew [...]






