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Cato Podcast • March 26, 2026 

# The Flaws of Rent Ceilings 

Massachusetts is weighing a ballot initiative that would cap rent increases at the rate of inflation with no vacancy decontrol, one of the most stringent rent control regimes proposed in the country. Cato’s Ryan Bourne and Jeff Miron walk through why economists are nearly unanimous in opposing rent control: it shrinks rental supply, degrades housing quality, and tends to benefit longer-term, higher-income tenants rather than the low-income renters it claims to help. As Cambridge’s own history shows, the policy doesn’t just fail to solve the affordability problem; it actively makes it worse.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Ryan Bourne](/sites/cato.org/files/styles/author_picture/public/2021-01/Ryan%20Bourne.jpg?itok=nv8-2r7d)](/people/ryan-bourne) 

##### [Ryan Bourne](/people/ryan-bourne)

R. Evan Scharf Chair for the Public Understanding of Economics, Cato Institute

[ 

](https://x.com/MrRBourne) [ 

](mailto:rbourne@cato.org) 

[![j-mironcropped.jpg](/sites/cato.org/files/styles/author_picture/public/2021-04/j-mironcropped.jpg?itok=dkHQXJBB)](/people/jeffrey-miron) 

##### [Jeffrey Miron](/people/jeffrey-miron)

Director, Graduate and Undergraduate Studies, Department of Economics at Harvard University

[ 

](https://x.com/jeffreyamiron) [ 

](mailto:jmiron@cato.org)