Apparently, Ireland‘s government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly.

Apparently, Ireland’s government has not learned any lessons from rent control disasters elsewhere. Thus, the Irish will have to learn this hard lesson and face the consequences of their economic folly.

As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.

As housing prices have skyrocketed in Ireland, the government did what governments do all too often: impose rent controls. Such interventions into the housing market have created downstream effects that continue to encourage even more intervention.

As governments create a housing crisis, Marxists call for policies that will make the crisis worse.

Original Article: "Marxists Have a Plan for Housing: Make Sure There Is Less Available"
This Audio Mises Wire is generously sponsored by Christopher Condon.

“Stay in your lane” is a frequently heard refrain nowadays, normally a piece of advice directed at those who, by virtue of some aspect of their identifying characteristics or profession or beliefs, express views which are deemed unwelcome. “Stay in your lane” is not often fair and appropriate advice to be given in debate.
I submit, however, that “Stay in your lane” is usually fair and appropriate advice to give a Marxist who opines on matters which concern the moral, efficient, and effective satisfaction of human wants.
On a recent Saturday morning, with equal parts amusement, frustration, and resignation, I read novelist Sally Rooney’s analysis of an economic situation. Noting Rooney’s position as a self-described Marxist, it was no shock to see her strident call for the government to

Sweden’s rent control is widely touted by many who don’t understand economics as a model for how a property market should work. Young people in Ireland, for example, like to point to Sweden as a nirvana where rent control ensures easy availability of affordable and high-quality rental stock.