People call economics the dismal science but the truth is that it isn't even a science. Its predictive power is laughable and it seems to consist mostly of just so stories told after the fact.
You can't just claim something which is demonstrably functional somewhere doesn't in fact work because your half baked theory trumps actual reality. This is why this sort of comment is downvoted.
> You can't just claim something which is demonstrably functional somewhere doesn't in fact work because your half baked theory trumps actual reality. This is why this sort of comment is downvoted.
What actual reality? Because there's price controls doesn't mean it works. It generates scarcity, always.
Go to SF, put all rentals to 100 dollars and see the effects of the price controls. They will be the same there and in China.
I am not surprised people who deny the fact of economic science is downvoting this.
You can't just claim something which is demonstrably functional somewhere doesn't in fact work because your half baked theory trumps actual reality. This is why this sort of comment is downvoted.