Viewpoints
Opinion

The Danger of Bad Policy Ideas Such as Price Control

The Danger of Bad Policy Ideas Such as Price Control
A “for rent” sign is posted near a home in Houston on Feb. 7, 2022. Brandon Bell/Getty Images
|Updated:
0:00
Commentary

A friend’s daughter spotted a strange anomaly in her residential rental contract. It was cheaper per month to sign a lease for seven months as opposed to 12 months. This runs against even the most basic intuition. A longer commitment to pay would seem to suggest a lower rent in each pay period. This is for the same reason that it makes no sense to stay in a hotel night after night instead of signing a lease for a month.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]