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One consequence of inflation is the bad policy temptations that come with it. Lawmakers in urban hot spots are flirting with rent control again, and a coming vote in Orlando, Fla., will give residents a chance to show they’ve learned more about economics than have local leaders.
Commissioners in Florida’s Orange County voted last week to put a rent-control measure on the ballot in November. The ordinance would block landlords from raising rents above the inflation rate, as gauged by the consumer-price index for southeastern states. The measure would expire after 2023, but once in place these policies tend to stay forever. See New York City.
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