Does Rent Control ACTUALLY Work? Obama’s Chief Economist Breaks it Down

What happens when Obama’s chief economist sits down with PragerU — and agrees on almost everything?

In this episode of The Brief, host Shabbos Kestenbaum sits down with Professor Jason Furman — Harvard economist, former chairman of the Council of Economic Advisers, and President Obama’s chief economist — for a conversation that will surprise viewers on both sides of the aisle.
Furman doesn’t pull punches. On rent control, he calls it “about as disgraced as any economic policy in the toolkit” — a policy that started as a World War II emergency measure in 1942, was extended 16 years after the war ended, and has now been running for 80 years. He explains precisely why NYC Mayor Mamdani’s rent freeze on one million apartments will hurt the very people it’s designed to help.

Furman explains why New York City rents have hit record highs, why he believes the real housing solution is increasing supply, and why rent control often creates more losers than winners. He also discusses why young Americans are losing confidence in the economy, whether the wealthy pay their fair share in taxes, how AI could affect entry-level jobs, and why tariffs raise prices for American consumers.

If you’re asking “Does rent control work?”, “Why is rent so expensive?”, “How do we make housing more affordable?”, “Are tariffs bad for consumers?”, “Why are young people embracing socialism?”, or “Is the economy actually doing well?”, this conversation with Jason Furman is a must-watch.

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