4 ms·
Competition will continue to keep prices down. Just because people have a new source of income, doesn't mean they that will become more likely to buy overpriced
by brokencode 10y ago
Competition will continue to keep prices down. Just because people have a new source of income, doesn't mean they that will become more likely to buy overpriced goods.
- justinmk 10y ago> Competition will continue to keep prices down That's an incomplete statement, because it doesn't quantify the effect. Will the effect be zero, or will BI be priced-in (higher prices, lower present-value of BI)? US college tuition and housing prices increased dramatically, because of decreased consumer price discrimination driven by low-barrier loans.
- saynsedit 10y agoWhat will drive the commensurate increase in competition? If competition stays the same, inflation will simply drive prices up.