Tag: Regulations

1447: Bob Murphy – Rent Control Creates Slumlords

If landlords can’t charge a market rate, they’ll cut corners to maintain profitability. Because rent controls encourage landlords to reduce their maintenance expenses, apartments in rent controlled areas aren’t painted as often, repairs aren’t made as quickly, graffiti doesn’t get erased as quickly, and the washer/dryers in the basement don’t get replaced when they break down. —Robert P. Murphy

If landlords can’t charge a market rate, they’ll cut corners to maintain profitability. Because rent controls encourage landlords to reduce their maintenance expenses, apartments in rent controlled areas aren’t painted as often, repairs aren’t made as quickly, graffiti doesn’t get erased as quickly, and the washer/dryers in the basement don’t get replaced when they break down.

Under rent control, there are no market penalties for shoddy service because there is a long line of potential tenants. Thus rent control does not eliminate but rather creates “slumlords” who in a market system would have to compete to attract and retain tenants.

—Robert P. Murphy

1422: Jessica Sentman – The Rising Cost of Gas

The rising cost of gas is not isolated to a single president or party; it's a system of abuse, a deep con, and fraud. Both major parties play on your ignorance of economics that protect the scam and fuel useless infighting. — Jessica Leigh Sentman

The rising cost of gas is not isolated to a single president or party; it’s a system of abuse, a deep con, and fraud. Both major parties play on your ignorance of economics that protect the scam and fuel useless infighting. — Jessica Leigh Sentman

1415: Hannah Cox – Strangling Capitalism

You can't strangle an industry with regulations, mandates, red tape, bureaucracy, and government control and then blame capitalism when it sucks. —Hannah Cox

You can’t strangle an industry with regulations, mandates, red tape, bureaucracy, and government control and then blame capitalism when it sucks. —Hannah Cox

1389: Antony Davies – Poverty Bureaucracy

We have developed a poverty industry and a poverty bureaucracy. Both of them seek to perpetuate themselves, and yet the poverty rate remains the same year over year. The war on poverty is not dominated by the people who are poor but by the non-poor who benefit from employment in poverty programs. —Antony Davies

We have developed a poverty industry and a poverty bureaucracy. Both of them seek to perpetuate themselves, and yet the poverty rate remains the same year over year. The war on poverty is not dominated by the people who are poor but by the non-poor who benefit from employment in poverty programs. —Antony Davies

1380: Thomas Sowell – Women & Higher Education

Women in most countries are going on to higher education in numbers comparable to men—and, in some countries, more often than men. In Japan there are 90 women enrolled in higher education for every 100 men, in the United States 140 women for every 100 men and, in Sweden, 150 women for every 100 men. There is no question that the sexes have often been treated differently [with regards to education]. But few societies today have such severe restrictions on the education of girls, at least not in the Western world. —Thomas Sowell

Women in most countries are going on to higher education in numbers comparable to men—and, in some countries, more often than men. In Japan there are 90 women enrolled in higher education for every 100 men, in the United States 140 women for every 100 men and, in Sweden, 150 women for every 100 men. There is no question that the sexes have often been treated differently [with regards to education]. But few societies today have such severe restrictions on the education of girls, at least not in the Western world. —Thomas Sowell

1376: Thomas Sowell – Rent Control Laws

In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas Sowell

In Australia, not a single apartment building was built in Melbourne for years after World War II because of rent control laws. In a number of Massachusetts communities, no rental housing was built for a quarter of a century, until the state banned local rent control laws, after which building resumed. The lower rate of return on investments in new buildings causes fewer of them to be built. —Thomas Sowell

1373: Walter Block – Against Legalizing Drugs

It is sometimes argued that one of the benefits of legalizing addictive drugs is that they could be taxed, and the government revenues enhanced. From this perspective, this would be the only valid case against legalization. —Walter Block

It is sometimes argued that one of the benefits of legalizing addictive drugs is that they could be taxed, and the government revenues enhanced. From this perspective, this would be the only valid case against legalization. —Walter Block

1370: Mary Ruwart – Slow Drug Approval in America

By the mid-1980s, 72% of new drugs approved by the FDA had already been available elsewhere for an average of 5.5 years. One new drug that came late to the American market was Propranolol, the first beta-blocker to be used extensively to treat angina and hypertension. Approximately 30,000 Americans died prematurely because they couldn’t get this lifesaving drug and because their doctors did not prescribe it. Advertising Propranolol as a treatment was illegal. —Mary Ruwart

By the mid-1980s, 72% of new drugs approved by the FDA had already been available elsewhere for an average of 5.5 years. One new drug that came late to the American market was Propranolol, the first beta-blocker to be used extensively to treat angina and hypertension. Approximately 30,000 Americans died prematurely because they couldn’t get this lifesaving drug and because their doctors did not prescribe it. Advertising Propranolol as a treatment was illegal. —Mary Ruwart

1369: Life Extension Magazine – 430,000 Deaths

After 12 long years of battling the FDA, and after the needless, premature deaths of at least 430,000 Americans, Ribavirin, which can treat severe lung infections, was finally approved in June 1998. —Life Extension Magazine

After 12 long years of battling the FDA, and after the needless, premature deaths of at least 430,000 Americans, Ribavirin, which can treat severe lung infections, was finally approved in June 1998. —Life Extension Magazine

1368: William Warded – Excessive Regulations in Drug Development

Drug development, Drugs, FDA, Government, Health, History, Innovation, Law, Regulations

If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company's backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William Warded

If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company’s backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William Warded