David Edward Garber (@DaveGarber1975)

Free markets maintain natural controls over prices---for example, if prices are too high, then buyers switch to cheaper competitors and, if prices are too low, then sellers lose money and go-out-of-business and need to seek alternative employment, thereby leaving only a narrow range in which businesspeople can effectively earn profits. Moreover, if profits are relatively high on renting housing, then such profits naturally attract new competitors to supply added housing, which increased supply lowers prices, and thereby reduces profits back to minimal levels. But some try to subjugate such markets to the state, such that politicians intervene to forcibly lower high profits, which discourages the building of additional housing, which keeps housing scarce and therefore unavailable to those tenants who most need it, and perhaps also keeps housing slummy because landlords can't earn enough profit to maintain it---in fact, in some cases, laws forced landlords to perpetually lose so much money that they allowed their money-pits to burn to the ground. This StosselTV episode focuses on such issues---especially on the example of rent-controlled St. Paul's scarce slummy housing versus neighboring relatively-free-market Minneapolis' housing abundance. Let's please keep markets free to thrive! https://rumble.com/v7eavsk-rent-control-update-some-politicians-finally-learn-their-lesson-but-most-ha.html #Economics #SupplyAndDemand #FreeMarkets #PriceControls #RentControl #TwinCities #Minneapolis #StPaul