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AskProfWolff: How Rent Controls Can Solve Housing Shortages
🕑 Added 2021-01-19 01:02:00 +0000 UTCA patron of Economic Update asks: "Today, my economics teacher was trying to argue that price controls (price ceilings and floors) on landlords somehow creates housing shortages because it widens demand to relatively lower income people. Do you believe his assertion is correct?"
This is Professor Richard Wolff's video response.
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