@reasonmagazine On his first day in office, Mamdani appointed Cea Weaver, a tenant activist and one of his campaign advisers, to lead the city’s Office to Protect Tenants. Reason spoke with Weaver in 2021 for our story on the victims of the eviction moratorium. She told us about her vision of “a world in which the housing is owned by a collective” and said “the federal government prints money” so they “can provide money for this.” #NewYork #NYC #housing #socialism #home
Socialist NYC Mayor Zohan Mamdani appointed Cea Weaver to lead the city’s Office to Protect Tenants. Weaver believes that homeownership is inherently racist and must be reformed into “a world in which the housing is owned by a collective.” According to Weaver, the US can simply continually print money to support government spending.
The claim that a government can simply print money to support endless spending is one of the most dangerous myths ever sold to the public. When politicians have exhausted every honest means of funding government, they are left with nothing but deception. This line of thinking is precisely why the government shut down at the end of 2025. Politicians believe they can increase spending indefinitely with no regard for the ticking time bomb that is government debt.
Printing money is another form of taxation, albeit a far more destructive form because it is hidden. Inflation will rise when the money supply expands beyond productive output. Governments print to fund their spending and dilute the currency. Politicians have lost all discipline because government continually votes to raise budgets and prolong the problem. The debt crisis has been rapidly snowballing in magnitude; those in power have zero intention of paying it off, but the time will come when the bill is due.
The irony is that those advocating unlimited money creation claim it helps the poor. In reality, it does the opposite. Inflation destroys savings, raises prices beyond reach, and transfers wealth to the elites controlling the money. It widens inequality while pretending to fight it. Hence why Venezuela went from one of the world’s top economies to poverty-ridden nation in a short period of time. These people are extremely dangerous. Voters propel them into power on the basis of lies, and then they have the ability to begin altering policies. Mamdani may be limited to his city but no economy can be viewed in isolation and voters refuse to see the mirage of easy solutions to complex problems.