Here's An Idea To Get 30% Cheaper Groceries In New York Without Taxpayer Subsidies: Allow Walmart!

During his campaign for office last fall, our new Mayor Zohran Mamdani promised to make groceries “affordable” for New Yorkers; but he provided few specifics. Some specifics then emerged in late July, when Mamdani issued a big press release on his proposed public grocery store project. We learned that there are plans for five municipally-owned stores — one in each borough of the City — and that the groceries these stores will sell, or at least a “core basket” of them, will be “30% cheaper.” We know that the groceries will be “30% cheaper” because the Mayor’s press release says...