New York City Mayor Mamdani wants five city owned grocery stores selling staples 30% below cost, at $70 million to build and $100 million a year to run. Cato's Rikki Schlott talks with Don Boudreaux about why private supermarkets survive on 2% profit margins, and what actually happens when government tries to run a store.<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

How Do You Solve A Problem Like Affordability?

Every Tuesday on The Cato Weekly Podcast, leading scholars and policymakers from the Cato Institute delve into the big ideas shaping our world: individual liberty, limited government, free markets, and peace. Whether unpacking current events, debating civil liberties, exploring technological innovation, or tracing the history of classical liberal thought, we promise insightful analysis grounded in rigorous research and Cato’s signature libertarian perspective.&nbsp; Hosted on Acast. See acast.com/privacy for more information.