Housing and bread: an analogy

Nobody quite remembers when and why this law originally came to pass, but at some point in the distant past, the government of Analogistan introduced a nationwide statutory limit on the amount of bread that could be baked per year. For a long time, nobody really noticed. Annual bread production never came too close to the limit anyway, so the constraint remained largely theoretical. About three decades ago, however, a combination of population growth and a change in dietary habits led to a surge in bread demand. Since then, bread prices have exploded, turning bread into a luxury good. Views about what should be done about it remain divided. Our correspondent reports.

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Source: http://www.iea.org.uk/blog/housing-and-bread-an-analogy

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