> The Great Forgetting, yet again.

> Few things have been proven as resoundingly as "price controls don't work", or more accurately "are very net negative".

I don't see how this follows. NYC has had rent stabilization for over 50 years, and the story here is: "the number of rent-stabilized homes reported vacant on annual apartment registrations rose to over 61,000 in 2021 — nearly doubling from less than 34,000 in just a year as the city emerged from COVID lockdown."

In other words, a very recent problem.

If price controls don't work, then wouldn't they have failed in the year 1971 rather than the year 2021?