🇪🇸Because of money printing the rental prices have increased so much in Barcelona that people want the government to deny people to rent out apartments to tourists. Price control is a sign that hyperinflation is close.
Discussion
Money printing and regulations. Of course, they didn’t consider the consequences of these actions. Now, instead of admitting that regulations have worsened rents, they blame the tourists, once again ignoring the consequences it will bring. After killing tourism, perhaps through another regulation, they will probably blame something else.
Centralized decisions fail to address the network of unseen consequences. Only the parallel, agile, and decentralized pace of solutions through the free market can stop this whack-a-mole game.
This is a prime example of Hazlitt's book "Economics in One Lesson" and possibly a result of low time preference and the inability to see the long-term effects of the proposed solutions.
Rallo explains how prices got worse through regulations in Barcelona:
https://x.com/juanrallo/status/1650807138288033793
Milei solved a similar problem in Argentina by deregulating, price decreased and offer rose immediately: https://www.libremercado.com/2024-02-29/milei-desregula-el-alquiler-y-obra-el-milagro-la-oferta-se-duplica-y-el-precio-cae-un-20-7102681/