Rents are skyrocketing because demand is high and we literally do not have enough housing for the number of people we have in the places they live.
Suddenly dumping more money into the economy would just increase the price bar on that demand, and prices would go up more.
Prices can increase for a lot of reasons, and going up from one doesn’t stop them from going up from another.
Next up, they’re going to go scream at the girl scouts on the corner that they’re being exploited
Is this a US thing I’m too French to understand?
I’d say likely yes to this. It’s much easier to centrally govern a more geographically dense and homogeneous country.
In the US we have strong localized government (city/county, state) and the more sweeping Federal government.
And they do submit to central government, that’s exactly what the discussion in this article is about- will the central court decide to strike down their local laws?
Economics is just psychology masquerading as a hard science