GOVEROTRAGEOUS: Gooferment diktats can not match the performance of a free market

https://www.newsmax.com/finance/streettalk/europe-meaningless-flights/2022/01/06/id/1051279/

Thursday, 06 January 2022 10:10 AM

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Europe’s sky is filling up with near-empty polluting planes that serve little other purpose than safeguarding airlines’ valuable time slots at some of the world’s most important airports.

The highly contagious omicron variant of COVID-19 has put many off flying, and because of it, getting people and goods from point A to point B has become an afterthought for thousands of flights. It has created strange bedfellows, with environmentalists and major airlines united to cut down on empty or near-empty flights by pressuring the European Union — a pledged global leader in combating climate change — to tweak the rules on airport slots.

“The EU surely is in a climate emergency mode,” activist Greta Thunberg tweeted sarcastically this week, linking to a story about Brussels Airlines making unnecessary flights.

The company has said that if the EU doesn’t take action, it would have to fly some 3,000 journeys this winter primarily to safeguard its network rights.

German giant Lufthansa said it would have to fly an additional 18,000 “unnecessary” flights through the winter to hold on to landing slots. Even if the holidays brought a big increase in passengers — marked by thousands of flight cancellations that left travelers stranded — the rest of the winter period could be slow as omicron surges worldwide.

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William Rusher, the editor of the conservative National Review, quoted economist Milton Friedman as saying that “if the government were to take over the Sahara Desert, there would be a shortage of sand in five years.”

Ditto, landing slots?

If the airlines could “rent” landing slots from a private entrepreneur, then surely an effective and efficient solution could be found that the didn’t entail flying empty place around at a staggering cost?   But once the Gooferment politicians and bureaucrats get involved everyone suffers.

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RANT: “Rent Control” is the Gooferment using force and fraud on the Free Market

https://www.quora.com/Real-Estate-in-New-York-City/Without-rent-control-would-anyone-outside-of-the-top-1-be-left-in-Manhattan

Real Estate in New York City: Without rent control, would anyone outside of the top 1% be left in Manhattan?

Trey Clark
Trey Clark, Founder, http://www.RealtyShares.com

Rent Control actually increases market rents by removing at-market rental stock from a given city/area.

I live in San Francisco, where roughly 80% of the rental units are subject to rent control. Rents here have spiked approximately 15% in the last 18 months.

Here’s the dynamic: people with below market rents stay in those apartments, because they don’t want to pay market rates. Thus those units tend to stay out off the market. When demand increases, as has happened here in the last 18 months due to increased start-up hiring, there is a reduced inventory of units to absorb that demand. Market rents spike.

The same holds for Manhattan, though I’m not sure as large a share of the apartment stock is rent controlled/regulated. If rent control was removed, market rents would drop, though average rent paid would likely go up (no more renters paying below rents far below market).

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Like most Gooferment actions, it has intended and Unintended Consequences!

The use of force or fraud is always immoral, as well as ineffective and inefficient.

It enriches the politicians and bureaucrats who can extract “tribute” and must be “kowtowed” to. Graft, kickbacks, corruption, bribery, and extortion are all the direct observable effects of “rent control”!

It’s ineffective because it actually raises the rents that poor people must pay. 

It’s inefficient because it incentivizes the wrong behavior. Old pensioners “lock up” large apartments that they don’t “need” and have to heat ’n’ cool the larger space 

Anytime the Gooferment institutes “price controls”, the Free Market is distorted. 

The Free Market’s “invisible hand” allows the maximum happiness and minimum unhappiness without the use of force or fraud. 

The Free Market allows peaceful exchanges that benefit everyone.

Argh!

Seems so simple.

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