Why Special Interests Sacrifice The Future For Short-Term Gain

Gary Galles, Mises Institute, writes about special interests in politics, mentioning rent control: "It is true that rent control would benefit many current renters [...] But coming at the expense of property owners, it would progressively reduce the supply of rental housing over time." Galles quotes Assar Lindbeck, IFN and Stockholm University saying that “next to bombing, rent control seems in many cases to be the most efficient technique so far known for destroying cities.”