Markets are not a magical oracle of true value though, especially in our current, deeply distorted economy which has the rich gobbling up assets and increasing prices well beyond any livable standard, which is the point of TFA.
Isolating price controls as some kind of glaring inefficiency in an otherwise rational system sounds like ideology, not reason.
It should be manifestly clear that an unregulated market has not served us well for the issue of housing, not just for the indigent but for all non-wealthy individuals and families who spend well over 50% of their income now on rent or mortgage payments.
Attacking rent control in isolation is irrational. Yes it can create a bad situation for landlords in the absence of any other policies designed to mitigate the disaster we are in. But saying that "market efficiency" is the answer is just sticking your head in the sand.
Isolating price controls as some kind of glaring inefficiency in an otherwise rational system sounds like ideology, not reason.
It should be manifestly clear that an unregulated market has not served us well for the issue of housing, not just for the indigent but for all non-wealthy individuals and families who spend well over 50% of their income now on rent or mortgage payments.
Attacking rent control in isolation is irrational. Yes it can create a bad situation for landlords in the absence of any other policies designed to mitigate the disaster we are in. But saying that "market efficiency" is the answer is just sticking your head in the sand.