a national rent control schemeSpeaking at the 115th NAACP National Convention in Las Vegas as part of his campaign to stem the tide of black voters moving to the Trump camp, Biden announced“Look, folks, the idea that corporate-owned housing can raise your rent by 300, 400 bucks a month or something?” Biden told the audience. “Well, I’m about to announce that they can’t raise it more than 55 dollars.
Government policies drive up inflation, devaluing the dollar and pushing prices up, and then they try to impose price controls, doubling down on the public’s misery. That, in itself, is problematic because it makes it easier for the administration to continue its inflationary policies. In essence,The Malignant Economic Consequences of Rent Controlup 30 percent nationwidebut not by much. For example, the cost of paint has also risen by 30 percent. Insurance costs are skyrocketing, and the prices of pipes and wiring have soared.
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