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/
dcadenas / Daniel Cadenas
npub138…lrdr2
2024-07-09 12:45:06
in reply to nevent1q…55px
Author Public Key
npub138he9w0tumwpun4rnrmywlez06259938kz3nmjymvs8px7e9d0js8lrdr2Published at
2024-07-09 12:45:06Event JSON
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"content": "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.\n\nCentralized 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.\n\nThis 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.\n\nRallo explains how prices got worse through regulations in Barcelona:\nhttps://x.com/juanrallo/status/1650807138288033793\n\nMilei 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/",
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