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Reason Magazine

Reason Magazine

Price controls won't build homes in L.A.

Reason Magazine
Summary
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70% Informative

California Gov. Gavin Newsom waived burdensome California Environmental Quality Act reviews and Coastal Act requirements for properties damaged and destroyed by the fires.

Newsom also declared a state of emergency that triggered various provisions of California 's anti-price-gouging law.

Market-clearing prices for goods and services are not determined by input costs, they are driven by supply and demand.

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