Artificially limiting rises in house prices will do more harm than good

Economists should be humbled by Friedrich Hayek’s famous plea: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” If only government and central banks – and those who lobby them – realised how little good came from their proposed interventions, and how much harm results.

 

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Source: http://www.iea.org.uk/blog/artificially-limiting-rises-in-house-prices-will-do-more-harm-good

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