Monday, September 22, 2008


Swedish economist Assar Lindbeck in a 1972 book, quoted in the May 19, 2003, Wall Street Journal:
Rent control appears to be the most efficient technique presently known to destroy a city--except for bombing.
See also the September 13th Wall Street Journal op-ed on NYC rent control:
Today, there are 43,317 apartments where tenants (or their heirs) pay rents first frozen in 1947. There are another 1,043,677 units covered by rent stabilization. All told, about 70% of the city's rental apartments are either rent controlled or rent stabilized.
(via Carpe Diem)

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