Some of our nation’s politicians seem to know very little about basic economic principles despite constantly proposing legislative action on economic issues. Sen. Elizabeth Warren (D–Mass.) and Rep. Jamaal Bowman (D–N.Y.) now want federal regulators to impose rent control on the entire nation. In their letter to the Biden administration, which was signed by 50 members of Congress, Warren and Bowman request that the administration “pursue all possible strategies” to control high rents. These politicians portray themselves as fighting for the average American, but, if they get their way, the results will be catastrophic.
Read MoreCommentary: Nationwide Rent Control Is a Dangerous Proposition
