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Economic Stupidity Is Driving Much of Mamdani's Support

Economic Stupidity Is Driving Much of Mamdani's Support
AP Photo/Richard Drew

Zohran Mamdani should never be a serious candidate for anything. Nothing about the guy is remotely palatable to anyone with more than three functioning brain cells, but the truth is that many people lack even that lackluster degree of intellect.

That's especially true on the subject of economics.

Take this individual as an example. I'm using her simply because this post ran across my feed on X today, so she was handy.

So she wants Mamdani to build a whole bunch of houses, but she's literally wearing a button that says, "Freeze the Rent."

This only makes sense if you're an absolute moron.

If rent prices are frozen, where is the incentive for anyone to build housing? Sure, some might figure they can make a little bit and try to build to get a slice of what pie there is, but most people aren't going to bother unless they're already doing so.

Plus, if rent is frozen, but nothing else is, sooner or later, those homes will end up in disrepair because it's too expensive to maintain them. Then, in time, landlords will tear down the buildings and do something else with them simply because it doesn't make financial sense to fill them with residents.

Of course, this is an extremely dumbed-down version of the pitfalls, but the facts are the facts, and yes, freezing rent creates far more problems than it has ever solved. Price controls on any product don't work except to create shortages, which the market can't adjust for because no one can raise prices to adjust, and there's no real mechanism for others to see that maybe they should jump into the business.

The Law of Supply and Demand doesn't go away just because you think it's mean, yet that's a key part of Mamdani's campaign rhetoric. He's counting on people being so absolutely clueless about economics that they won't see through his nonsense and call him out.

More telling, though, is that Sarah is Ivy League educated, having graduated from Columbia, according to her LinkedIn account. While the Ivy League is festering with progressive rhetoric masquerading as established fact, one would hope that someone who went there would have been exposed to such a basic economic concept.

But apparently not.

Mamdani's support is full of people who lack this basic economic knowledge. It hinges on this ignorance and stupidity. It counts on people being so enamored with free and cheap stuff that they don't ask about the possible ramifications of these policies.

The fact that Mamdani's doing so well in his campaign is proof that, for all their supposed sophistication, they're far more gullible than the alleged rubes in fly-over country they look down upon. They might as well buy the Brooklyn Bridge while they're at it. It's about the same level of con, after all.

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