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Comment Sadiq Khan s promise of rent controls would make life worse for Londoners - they ve failed everywhere else We need only look to Berlin to see that they result in less houses, and people being locked into the wrong sorts of homes 30 April 2021 • 12:52pm “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy,” wrote Harry Hazlitt in Economics in One Lesson (1946), “it consists in tracing the consequences of that policy not merely for one group but for all groups.” London Mayor Sadiq Khan’s demand for powers to introduce rent control ignores this central lesson. This is economic illiteracy of the highest order. Khan is only considering the immediate effects of freezing rent: a short-term benefit to those currently renting helping higher income earners who have existing rental arrangements. This entirely ignores the longer term effects.

City ofUnited kingdomSadiq khanHarry hazlittIfo institute for economic researchOne lessonMayor sadiq khanIfo instituteEconomic researchநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்சாதிக் காந்இபோ நிறுவனம் க்கு பொருளாதார ஆராய்ச்சிஒன்று பாடம்மேயர் சாதிக் காந்இபோ நிறுவனம்