Today on Uncommon Knowledge, Thomas Sowell explains why rent controls continue to prevail in spite of the economic evidence against them.
Peter Robinson: Cui bono, who benefits from [rent control]?
Thomas Sowell: Politicians most of all…. Because they get the reputation of being for the poor and the downtrodden and…. They are preventing the evil landlords from raising the rent…so they gain by that. Both the landlords and the tenants lose.