Tuesday, 21 November 2017

The Reserve Bank and the government have made renters' lives more difficult


Here's a question for you: What happens when the Reserve Bank and the government make it harder for investors to buy and own homes?

And the answer, dear reader, is in the news today (and should be no surprise to anyone, except perhaps the Reserve Bank and the government and their voters):
RNZ NEWS: Renters caught out as supply falls
Too many would-be tenants are chasing too-few rental homes...
Who would have thunk it.

As Murray Rothbard might have commented,
It is no crime to be ignorant of economics, which is, after all, a specialised discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
Let us now add the Reserve Bank and the government* and their voters to those in that benighted state.

* Yes, Virginia, since successive governments have and will follow almost identical populist policies in this respect, they and their voters are both to blame.
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2 comments:

  1. When didn't the gov't make our lives difficult.

    ReplyDelete
  2. Basic supply and demand. Is it really that hard to understand?

    ReplyDelete

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