Does affordable housing require rent control? No. Not even in Manhattan. And in fact, it is no coincidence that the cities with the most rent control (NYC and San Francisco) also have the highest rent. There is no incentive on the account of the landlords and tenants to build more housing or improve worn out units.
Does race account for differences in income? Is the “fatherless family” amongst African Americans a legacy of slavery? Is household income a good indicator of the state of our economy? No, no, and no.
Uncommon Knowledge all-star Thomas Sowell returns to talk about his latest edition of Economic Facts and Fallacies, and continues his legacy as refreshingly straightforward and clear on economic issues.
To learn more about income equality, race and economics, and the reasons for Thomas Sowell’s persistent pessimism, watch the full interview below.