Biden is considering to cap rent prices. Price control is usually one of the last actions before hyperinflation. We’re seeing the US Empire falling in real time. What a time to be alive.
Discussion
Wow. Canada has been flirting w price controls too. Feels like things are about to accelerate fast.
In related news for big cities like LA and NY it’s almost impossible to evict people who don’t pay any rent at all. LA only ended their covid “eviction moratorium’ this January!
https://reason.com/2024/03/29/are-squatters-rights-out-of-control/
Historically every empire and every currency collapses. I think we are going to witness the fall of the US empire and the dollar as the reserve currency.
It’s coming sooner than people think
Price controls are the beginning of the end. Wait until they also introduce more capital controls. Shits gonna start flying