The End of Rent Control, the Catastrophe in Capitola and the Great Santa Cruz Land Swindle – by George Drysdale

As we learn in economics classes, just about the worse form of price control is price fixing land rents (rent control). Property rights at first and then financial damage to the community are enormous. In the U.S.A., rent controls are relatively rare. Virtually all the history of rent controls is in Europe. Hundreds – even…

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The Claptrap Behind the Minimum Wage Debate – By Bill Bonner, Chairman, Bonner & Partners

New York seems to have more than its fair share of knuckleheads. Paul Krugman and Tom Friedman are both stalwart columnists in The New York Times. And there’s staff writer James Surowiecki at the New Yorker magazine. More about that in a minute… [First] we return to wondering about money. Not that we care especially…

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