Ep. 148: Why Mamdani Marts Will Hurt Poor New Yorkers

Bob explains the numerous flaws with NYC Mayor Mamdani's proposal to have government-run grocery stores sell key items at 30% below retail. Bob also explains the problem with a popular meme asking why people pay taxes if the government can just print money. MAMDANI MARTS — WHAT COULD GO WRONG? NYC Mayor Mamdani wants to open five city-run grocery stores selling a core set of items at 30% below typical retail prices. It sounds like a win for struggling New Yorkers — but the economics tell a very different story. Bob walks through the cascade of problems this creates: - The Competition Problem - The "Savings" Illusion - The Shelf-Stripping Problem - Who Actually Benefits?  - The Opportunity Cost - Better Alternatives Exist Bob then responds to a Libertarian Party-retweeted image asking why people pay taxes if government can print money, warning it echoes MMT-style misconceptions: at current spending levels, replacing taxation with money printing would trigger massive inflation and currency collapse, similar to financing everything by borrowing without taxation. He cites the Fed's balance-sheet expansion during COVID and the ensuing high inflation to illustrate limits of monetary financing. Watch the video version of this episode here: https://youtu.be/U9p7sJjQOvY  Subscribe to our YouTube channel: https://bit.ly/3XXfmGS  Follow us on Instagram: https://www.instagram.com/infineogroup  Follow us on Twitter: https://www.twitter.com/infineogroup  Learn more about Infineo at: https://www.infineo.io  Audio Production by Podsworth Media - https://podsworth.com