Prop. 98 Is A Lousy Response To Rent Control

Prop. 98 Is A Lousy Response To Rent Control May 6th, 2008 I know we all want to feel like we are being good capitalists by eliminating price ceilings(as we all learned in Economics 1). It all sounds great on paper, but in the real world things tend to be a bit messier, and Prop 98 is vaguely written and ham-handed response. The law of unintended consequences would come into play big time, perhaps eliminating any theoretical economic benefit to be gained by the removal of price ceilings. Whet

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