If the Guardian's economics leader writer actually knew even the very first thing about economics, he might be able to recognise that an increase in supply normally leads to a decrease in prices. And so new tall buildings in London should generally be celebrated for being exactly what is needed to cut rents, and are basically a total economic free lunch for the city and the country. And if you don't believe me, try the leading urban economists at Harvard or the LSE.
26 June 2012
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