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Friday, June 22, 2007

Economic Crockpots

If rent regulation is going to exist, then let's at least be accurate about what it represents: counterproductive warm-fuzzy-feeling politics that violate every principle of elementary economics ... -AS, Reader

What "economics" would that be? The externalities that create congestion, just so that the government can tax the very consequences of that and rent-seekers can exploit it outright?

For pity's sake, ...

Oh, and isn't it great that you can buy your Prada tax-free in NYC, now? Just the kind of leadership NYC needs ...