Price controls! New York’s governor says electricity is the reason NY's cost of living is "too darn high" . . .

Photo Above - Bill Murry and Harold Ramis try to evade arrest in Ghostbusters 2 by impersonating Con Edison workers. The ruse failed because the cops immediately determined nobody would be working after 5pm.

You can’t make this stuff up. Everyone knows New York City is expensive. The whole state, in fact. Home prices. Apartment rents. Taxes (both state and city income taxes, property taxes. PLUS the highest sales tax in the nation). Gasoline. Groceries. Subways (cost of medical attention after getting shoved onto the tracks not included). Water, heat, electricity . . .

Wait . . . was that last one again? Electricity? Can some clever politician please make THAT the inflation boogeyman? Imagine the nerve - trying to cover the costs of demand growth from rebate EV car sales, AI data centers, and cloud servers. It's greed, I tell you!

In the facts-free world of winning elections, someone besides the government is always the problem. New York Governor Hochul wants to deny Con Edison any more rate increases. And give low-income residents grants to swap out their old, inefficient air conditioners, furnaces, and water heaters for modern ones. Except there’s a problem: low-income New Yorkers (less than $75,000 in this bill) don’t actually own their homes. They either live in section 9 subsidized housing or rent controlled apartments.

Rent control was the city's last idea on make New York great again. Instead, it backfired. Developers cancelled new apartment construction. So now 200,000 migrants live in converted hotels, because nobody comes to the city these days in any case. They work from home in places like Florida, Delaware, and Montana.

So let’s add electricity to the existing rent control fiasco. Wait . . . can we make this a hat trick? How about also putting price caps on bread, milk and eggs? Eggs especially - they're just too damn high! Blame those greedy chicken farmers, who haven’t invented a vaccine for bird flu.

Even if Hochul doesn’t get baited into bread, milk and egg price controls, she’s still a moron. It’s as if she never reads a newspaper. California – which recently burned to ground – imposed price controls on property insurance. Home insurers began to flee. Now 15,000 homes – many without insurance – may never be rebuilt. Is there an example or price controls ANYWHERE turning back the tide inflation? How about Cuba or the Soviet Union?

Earth to politicians - inflation is caused by the government spending more money than it collects in taxes - then "expanding the money supply" (like printing treasury bills) to make ends meet.

How did Hochul conclude that Con Edison was the solution to her polling problem? (Only 39% favorable). She's actually tried to pull this before. In college she led a boycott of the campus bookstore because of (wait for it) . . .high prices. Hochul went on to get a law degree, and a lifetime career in government, apparently never having taken an economics course.

This is what a nation should expect, if its officials are all lawyers. Their answer to every problem is a new law intended to ensure re-election.

I’m just sayin’ . . .

Hochul moves to block Con Ed's 'outrageous' rate hike proposal: 'The cost of living is too damn high'