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daicosisgod

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24/07/23

12:14

Post #: 68944576
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Originally posted by Hingdog ↑

With new records being set for left wing stupidity daily, Andrews has decided not to be outdone. He intends to change rental laws again to limit rent increases to once every two years and also implementing a cap on the amount of increase allowed.

Even the extremists at The Conversation know enough about economics and history to know this has never worked, nor can it ever work.

"A key insight of Adam Smith is that enforcing lower prices in markets experiencing surging demand and stagnant supply does little to support consumers. Price control cannot address scarcity. Fixing prices at lower levels will merely enforce existing demand patterns. This will result in worse shortages for many consumers down the line."

https://theconversation.com/the-cas...rols-in-times-of-crisis-they-dont-work-135218

There's no shortage of material out there that shows why price controls don't work, there's also plenty of examples of what eventually happens when you try.

Property prices will increase even more and rents are going to the moon if this numpty stays in power

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Andrews is World Champion Unintended Consequences.

Here are just two examples of the idiot policies of Andrews. Focus Groups are dangerous beasts.

Andrews thought The Big Build was the answer to all Victoria's problems. Instead it has sucked resources (labour and materials) away from other jobs and helped fuel a inflationary price spiral that has caused untold grief in construction to the point where business failures are at an unprecedented high.

Andrews thought banning gas exploration in Victoria would hasten the advent of cheap renewable power. Gas prices and electricity prices have instead taken off the other way and now millions of Victorians are struggling to pay for energy.
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