From my post at CEI’s blog OpenMarket.org:
Jimmy McMillan doesn’t get into details about what he intends to do about such high rent. The answer is clear: Let the markets go!
Sure it’s nice to live in a safe, high-rent neighborhood. Hopefully Jimmy McMillan understands that the problem with rental price caps (like rent control) and regulations (like banning food trucks) is that these policies create spikes and troughs across abutting rent districts. This artificially ghettoizes neighborhoods rather than permitting rents to rise and fall naturally to reflect the more nuanced actual rent prices people are willing to pay.
If he intends to fix the “too damn high” problem by mandating a maximum rental price, neighborhoods will suffer[…]