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As cities become ever-more expen­sive, politi­cians and hous­ing advo­cates keep call­ing for rent con­trol. Econ­o­mists think that’s a ter­ri­ble idea. They say it helps a small (albeit noisy) group of renters, but keeps over­all rents arti­fi­cial­ly high by dis-incen­tiviz­ing new con­struc­tion. So what hap­pens next?