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Rebel Capitalist News

Biden's Rent Control Nightmare: How Price Controls Destroy Cities

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 16 July 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅ Come to Rebel Capitalist Live here https://rebelcapitalistlive.com/   ✅ Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro   ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, Hello, Rebel Capital Soap you're well. So Joe Biden has come out with a new plan to make housing affordable.

0:10.0

And it's the same plan that has been tried over and over and over and over and over and over and over again.

0:18.0

Not just in the United States, but all over the world.

0:22.0

And it's also the one plan that almost every single economist

0:29.0

agrees is a complete disaster, whether they're in the Austrian school the Keynesian school

0:36.3

the monetarist there's one thing that they almost universally agree on and

0:42.4

that is price controls don't work.

0:47.2

In fact, they make things much, much worse.

0:50.6

So what is Joe Biden's new plan?

0:54.0

Let's go right over to market watch and check it out.

0:59.0

Drum roll, please.

1:01.0

Oh, we got to do a screen share.

1:02.0

Oh, I am doing a screen share, okay cool, we're ready to rock.

1:06.1

Biden proposes nationwide rent control, nationwide to lower housing costs experts say it's counter. Rent to

1:13.0

control, lower housing costs experts say it's counterproductive.

1:15.0

That's an understatement.

1:17.0

And, you know, congratulations to Market Watch

1:20.0

for doing a good job on reporting this accurately from a standpoint of they're actually

1:28.4

pointing out just how much of a disaster this is by using quotes from not only economists but from other Democrats

1:36.8

for other sake. So don't take George Giamon's word on it. This isn't a position of the far right or a far right wing extremist.

1:48.0

This isn't a position of the fascist or the Nazis or the homophobes or whatever independently thinking people are called nowadays.

2:00.0

But this is a position of people who are respectable, grown adults, people who abide by the three by five card of allowable opinion as my good friend Tom Woods says.

...

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