Dan Bongino

I don't care who does them, period.

They don't work.

They lead to increased demand for a product, decreased supply, black markets and quality problems every single time.

So they've been doing rent control in New York for years.

My grandmother, God rest her soul, was in a rent control department.

That's just the truth because it's a New York policy.

We lost her years ago, but median rent in Manhattan's hit $5,000 a month for the first time ever.

Unusual whales on X. I thought they were controlling the rent.

You can't control a price in a free market, folks.

The free market dictates the price.

If you tell everyone we're going to price control Corvettes and make them $30,000, there's going to be a rush to the dealership to buy a $100,000 Corvette for $30,000.

Increased demand.

There's going to be decreased supply.

Why?

Because they're not going to make any more Corvettes.

They're not going to lose $70,000 per car to make you a car because there's price controls.

You get quality problems because then if you're forced to do it by law, you're going to create a shitty Corvette.

And then you get black markets because people know the Corvette.

They're going to buy it for 30 and sell it for 100 on the black market.

It only happens every single time it's been tried.