Word: ares
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Dates: during 1980-1989
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Some Good News: It may be reassuring to know that the teams that have beaten Harvard so far this season are good teams--Holy Cross, Army, Lehigh and Cornell all have winning records.
Both of these women are dedicated liberals. So am I. That's why I oppose rent control.
But in at least one respect, the Reaganites are correct: the market distortions induced by rent control hurt almost everyone--especially the disadvantaged that liberals ought to be protecting.
The argument might be counterintuitive, but anyone who has survived week one of Ec 10 knows the essential logic behind it. When government intervenes in a market and establishes a ceiling price below the market price, there are some winners and some losers.
The winners are those who can find housing at the cheaper price. The losers are less noticeable. Suppliers of housing lose because they get less for their apartments, and thus have little incentive to provide more housing. (This means that the supply of housing is lower than it would have...