Goldberg criticizes Mamdani's rent freeze as ignoring centuries of failed price controls
By
Jonah Goldberg
Summary
Jonah Goldberg criticizes NYC Mayor Zohran Mamdani's proposed citywide rent freeze, arguing that price controls have consistently failed throughout history (spanning 40 centuries of economic lessons). The piece notes that economists broadly oppose the policy, and uses President Truman's quip about wanting a "one-handed economist" to illustrate how unusual this consensus is. The article is a short opinion piece dismissing the rent freeze proposal as ignoring well-established economic principles.
Source
Key quotes
· 3 pulledThe response from economists can be summarized as 'oy.'
Economists are famous for arguing 'on one hand' this and 'on the other hand' that.
This is why President Truman famously wanted to hire a one-handed economist.
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