Business: Catching the New York Disease

Rent control starts to spread across the country

The political rebels of the 1960s are no longer without a cause. They have discovered rent control. Behind the overwhelming endorsement that voters of affluent Santa Monica, Calif., gave rent control two weeks ago was the Campaign for Economic Democracy, a group started by Tom Hayden and his Oscar-winning wife, Jane Fonda. They are promoting rent control up and down California. As Fonda told a tenants' group outside San Francisco last week, "We're not trying to screw landlords out of their profits, but we have to...

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