And we're like, well, you know, we're frustrated and maybe this will work. It fails. And this isn't me saying this. This is every economist. This is Paul Krugman, Nobel Prize winner from the New York Times, said the fact that rent control is bad is one of the best understood and least controversial ideas in all of economics. Sweden actually had this nationally and an economist did a study of it and he said rent control is the best way to destroy a city, except for bombing, because … (09:37–09:51)
CLAIM
Asserts that Paul Krugman has stated rent control is widely understood to be ineffective.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.