"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
Economists want a perfect supply-demand capitalist dreamland. Demand drastically outstripping supply indicates something is wrong with The System^TM and that’s not acceptable, so they want to fix The System^TM .
It’s clear the demand is there, so it’s not a consumer problem. The supply is super-limited and being reduced every day. That’s a supply problem. The only options are incentives (don’t really work in this situation) or regulation (which economists hate but no other choice).
I assume most economists just don’t want to see what happens when that system reaches an absolute breaking point, so sign on for regulations it is.
“The enemy of my enemy is my friend.”
Economists want a perfect supply-demand capitalist dreamland. Demand drastically outstripping supply indicates something is wrong with The System^TM and that’s not acceptable, so they want to fix The System^TM .
It’s clear the demand is there, so it’s not a consumer problem. The supply is super-limited and being reduced every day. That’s a supply problem. The only options are incentives (don’t really work in this situation) or regulation (which economists hate but no other choice).
I assume most economists just don’t want to see what happens when that system reaches an absolute breaking point, so sign on for regulations it is.