> A price cap meant as a cushion, in a system with no slack, turned a price shock into empty pumps

It's almost s if economic theories actually describe reality! Given that it's economy 101 predicting that this would happen.

Still, people do it again and again. Rent control proponents for housing should take notice.

In this instance, the price cap is working exactly as intended. The state pushes Total to introduce a price cap by threatening a windfall tax on the industry as a whole. Total accepts, and introduces a voluntary price cap, selling at the below-market rate in a first-come-first serve regime (which it can afford to do, as it's an integrated producer). Total serves fuel to the majority of motorists at the below-rate price. When Total runs out of fuel, motorists who do a lot of travelling then need to pay the above-market rate at E.Leclerc instead.

Without introducing an unpopular tax regime, the French govt has found a way to progressively increase prices for higher mileage motorists. Supplying most motorists at a reasonable price, while having high-mileage motorists pay the unsubsidised price for most of their petrol.

And zoning and giving landlords great benefits (some countries not taxing wins from rents, others allowing changing rent easily, etc.) really solved the problem? Multiple major countries (in which rent control is not a thing) have huge housing issues, so something should be done. For some places I would much prefer reducing regulation required for new constructions, but this is very situation dependant.

Rent control working depends on multiple other policies and on the characteristics of the place. For Paris for example it did seem to have a positive effect: https://hal.inrae.fr/hal-05315123v1/file/Morin%20et%20al.%20...

Why does this might not apply to other cases? Paris is very dense already, not a lot of places to build anyhow. What other policies are required? Ensure people do not buy only for investment and leave things empty - they raised the uninhabited tax to discourage that, will see if enough to make a dent.

There is no real win for any city that becomes an eye candy for the entire world. Removing rent control without completely revamping your zoning restrictions achieves basically nothing.

People bring in Tokyo as an example, but there’s even a rent control-esque thing here - right to refuse. Technically landlord can increase the rent, but you can challenge and refuse it, to keep paying the original amount. Like rent is going up heavily over here (my neighbourhood is about 10% YoY). You can’t really even build up fast enough to accommodate demand.

Rent control is nonsense. We need to control the renters. Because they are doing something incredibly harmful at the moment. The reason *I* am now far from a city with offices is directly related to rents being unbearable and own housing unobtainable outside of 10% best paying jobs in the city.