dcadenas on Nostr: Money printing and regulations. Of course, they didn’t consider the consequences of ...
Money printing and regulations. Of course, they didn’t consider the consequences of these actions. Now, instead of admitting that regulations have worsened rents, they blame the tourists, once again ignoring the consequences it will bring. After killing tourism, perhaps through another regulation, they will probably blame something else.
Centralized decisions fail to address the network of unseen consequences. Only the parallel, agile, and decentralized pace of solutions through the free market can stop this whack-a-mole game.
This is a prime example of Hazlitt's book "Economics in One Lesson" and possibly a result of low time preference and the inability to see the long-term effects of the proposed solutions.
Rallo explains how prices got worse through regulations in Barcelona:
https://x.com/juanrallo/status/1650807138288033793
Milei solved a similar problem in Argentina by deregulating, price decreased and offer rose immediately: https://www.libremercado.com/2024-02-29/milei-desregula-el-alquiler-y-obra-el-milagro-la-oferta-se-duplica-y-el-precio-cae-un-20-7102681/
Centralized decisions fail to address the network of unseen consequences. Only the parallel, agile, and decentralized pace of solutions through the free market can stop this whack-a-mole game.
This is a prime example of Hazlitt's book "Economics in One Lesson" and possibly a result of low time preference and the inability to see the long-term effects of the proposed solutions.
Rallo explains how prices got worse through regulations in Barcelona:
https://x.com/juanrallo/status/1650807138288033793
Milei solved a similar problem in Argentina by deregulating, price decreased and offer rose immediately: https://www.libremercado.com/2024-02-29/milei-desregula-el-alquiler-y-obra-el-milagro-la-oferta-se-duplica-y-el-precio-cae-un-20-7102681/