Shortages, stagnation and corruption

LA Times: "Democrats' newest ideas have been failing for centuries." "As Jason Furman, who chaired President Obama’s economic advisory council, put it, “Rent control has been about as disgraced as any economic policy in the tool kit.” The Swedish economist Assar Lindbeck — a socialist, mind you — was pithier: “In many cases rent control appears to be the most efficient technique presently known to destroy a city — except for bombing."