Paul Krugman backs temporary rent caps to curb housing speculation in Europe

AI Summary

Paul Krugman argues that temporary rent caps could ease Europe’s housing affordability problems without undermining incentives to build. He also warns that French public debt could become catastrophic and calls for temporary protectionist measures in Europe.

Paul Krugman says modern income-stabilisation models preserve construction incentives while easing a currently "impossible" situation. He also warns French public debt could be "catastrophic" and urges Europe to adopt "temporary protectionism".