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Rent Control Economists are virtually unanimous in the conclusion that rent control is destructive. In a poll of American economists in the late seventies, 98 percent agreed that "a ceiling on rents reduces the quantity and quality of housing available." The agreement cuts across the usual political spectrum, ranging all the way from Nobel Prize winners Milton Friedman and Friedrich Hayek on the "right" to their fellow Nobel Laureate Gunnar Myrdal on the "left." Swedish economist (and socialist) Assar Lindbeck asserted: "In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing."
The Massachusetts experience, described below, shows rent control in
action – and what happened after it was repealed. On this page: 2005
2004
2003
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