Source: Ludwig von Mises Institute
by Sergio Fernandez Redondo
“The recent general election in Ireland has left a rather divided political scenario wherein no party has reached the required majority to form government. While the pertinent talks and negotiations to make a coalition take place, voters gaze on helplessly and ponder what kinds of policies their votes will eventually enable. Amid the whole spectacle, special attention is given to proposed policies for housing, given the current crisis the sector is experiencing. Not without reason, since this is one of the main concerns in Ireland at present. Soaring prices have made accommodation unfeasible for most young (and not-so-young) people, be it rented, purchased or built. And the cries for so-called ‘fair prices,’ both from voters and politicians, evidence a lack of understanding of what a price is.” (01/07/25)