Pitfalls of public policy — Mankiw on rent-controlled housing

I enjoy a read of Greg Mankiw’s blog every now and then, staying aware that his views are an interesting and helpful perspective on the world, but have to be complemented by other, differing views…

In a recent post he wrote about how rent-controlled houses in New York basically help universities evading taxes, by using the (forcedly) cheap rent apartments as additional tax-free benefits for senior staff. A sign of warning, how well-intended laws can backfire. From which I don’t think one should conclude that laws are always bad…

Tags » , , «

Datum: Dienstag, 14. September 2010 0:09
Trackback: Trackback-URL Themengebiet: English

Feed zum Beitrag: RSS 2.0 Kommentare und Pings geschlossen.

Keine weiteren Kommentare möglich.