It is especially painful for me, as an economist, to see that two small cities in northern California — San Mateo and Burlingame — have rent control proposals on the ballot this election year.
There are various other campaigns, in other places around the country, for and against minimum wage laws, which likewise make me wonder if the economics profession has failed to educate the public in the most elementary economic lessons.
Neither rent control nor minimum wage laws — nor price control laws in general — are new. Price control laws go back as far…
"What is astounding, post-election, is the total lack of contrition Democrats have displayed for ignoring the workingman and -woman bloc that has been the party's horn of plenty. The only regret they display is that they lost the election, not the voters. What Democrats, academics and pundits keep refusing to see is that the loss was never about Trump's candidacy; it was all about how Democrats have…[more]