We covered the madness of Biden’s national rent control proposal when he first floated it at his “big boy” press conference. Yesterday the proposal changed from a cap of 5% annual rent increases to a cap of $55 – presumably because Joe had trouble reading the prompter.

Watch it here:

Elon Musk replied:

And our great CTUP senior fellow and University of Chicago professor Casey Mulligan, who teaches Economics of Socialism, added this astute observation: