The Return of Rent Control

New York City Mayor Bill de Blasio (Stephanie Keith/Reuters)
Policies similar to those proposed for New York City have been pursued to disaster elsewhere, most notably in Venezuela.

NRPLUS MEMBER ARTICLE N ew York City mayor Bill de Blasio has long been an admirer of the Sandinistas, the revolutionary political movement that overthrew the government of Nicaragua and brought to that unhappy country its Marxist ideal of justice, which turned out to be rather heavy on mass executions. But Mayor de Blasio’s roving eye seems to have settled for the moment on Venezuela.

Mayor de Blasio proposes to expropriate the property of New York City’s commercial landlords. Of course, he wouldn’t put it quite like that, just as Senator Warren wouldn’t use the same blunt honest language to describe her daft proposal to

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