Greg Mankiw, that guru of Econ 101ism, displays his art in a wave-of-the-hand dismissal of that old bugaboo, rent control today. I've already had my say here and here.
When I count my blessings in life, one of them is that I never had to be a student in Mankiw's class in "thinking like an economist".
Mankiw notes:
ReplyDeletethe article says, "economists have an almost universally dim view of rent control."
Really? All economists think exactly alike. I bet Mankiw thinks the same about the minimum wage.