Rent Control: A Bad Idea That Keeps Coming Back
The curious thing about bad ideas is how they never seem to die. No matter how many times an idea has failed in the past, there’s always someone, somewhere willing to give it another try.
Is it any surprise, then, that American socialists, who stubbornly refuse to learn the lessons of their ideology’s astronomic body count and penchant for throwing once-thriving economies down the drain, are attempting to resurrect the nearly universally discredited doctrine of rent control from the catacombs of good-intentions-gone-wrong?
The Rent-control Revival
Representative Alexandria Ocasio-Cortez (D-N.Y.), the democratic socialist whose support for ambitious big-government programs such as the Green New Deal and Medicare for All has made her a darling among the Democrats’ rising progressive wing, is once again moving the needle for her party leftward with a sweeping anti-poverty legislative suite.
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