Stephen Kotkin

Proven again and again and again.

And what rent control does, or freezing of rent, it inhibits the building of new housing.

Because who's gonna build new housing when you can't make money off of it?

So rent control is what produces the lack of affordable housing in the first place.

So he sees what's the problem as the solution now.

Now, is he a fool?

No, he's a really bright guy.

He's very well-educated.

He's read everything and anything.

He's been to university.

He's talked to a lot of really smart people.

And you'd say, how could he be so foolish to believe an idea that's obviously falsified by empirical reality?

But again, it's an ideological belief.

He wants to allow people who can't afford Manhattan to live there.

And that's a good idea.

Life should be more affordable.

There should be more places like Queens where you can come in as immigrants or you can come in as lower class, front end of the...

of the social ladder, like my family did, for example.

My father worked in a factory.

And you should be able to get some housing for your family, work hard, and rise up.