Biden’s Desperate Vote-Buying Proposal for Nationwide Rent Control

...an insanely stupid idea. Indeed, when writing about rent control in the past, I’ve used words like “horrid” and “lunacy.” And let’s not forget “folly.” - Dan Mitchell

It is the triumph of public choice over common sense and economic literacy.
Sadly, President Biden put personal ambition over the national interest a couple of days ago when he called for nationwide rent control
The negative effects of this approach are well known.

• Deterioration of existing rental units.
• Withdrawal of some rental units from the market.
• A decline in building new rental units.

The bottom line is that rent control is a form of price control. 

And we have 40 centuries of evidence that price controls don’t work.