Posts Tagged ‘Cuba’

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    Car Rentals and Cuban Houses

    Nov 11, 11 • 275 Views • Demand, Supply, and Markets, Developing Economies, Thinking EconomicallyNo Comments

    Have you ever washed a rented car? Former Treasury Secretary Lawrence Summers tells us that, “In the history of the world,” no one has. For rental cars and Cuban houses, lack of ownership is the common denominator. When Fidel Castro took control