Ask Prof Wolff: How Rent Controls Can Solve Housing Shortages

A patron of Economic Update asks: "Today, my economics teacher was trying to argue that price controls (price ceilings and floors) on landlords somehow creates housing shortages because it widens demand to relatively lower income people. Do you believe his assertion is correct?"

This is Professor Richard Wolff's video response.

Ask Prof Wolff is a @Democracy At Work  production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.

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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books

“A magnificent source of hope and insight.”
Yanis Varoufakis
Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy


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Showing 3 comments

  • Steve Greenberg
    commented 2021-01-21 11:03:12 -0500
    The comment about Venezuela was an accident that I cannot delete.
  • Steve Greenberg
    commented 2021-01-21 11:02:27 -0500
    Of course this headline makes no sense. Prof. Wolff tells you all the problems that rent control causes, and then tells you how the government can repair the damage. That’s what makes sense.
  • Steve Greenberg
    commented 2021-01-21 10:59:20 -0500
    You forgot to mention the crippling sanctions the USA is imposing on Venezuela in order to destroy its threat to capitalism (or is it just a threat tuo ISA hegemony?)
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