2 ms·
Since rent and food becomes 10X more expensive, in the steady state anyone who makes less than the new cost of rent+food is worse off in the long term. The mill
by robotresearcher 10y ago
Since rent and food becomes 10X more expensive, in the steady state anyone who makes less than the new cost of rent+food is worse off in the long term. The million dollar windfall gradually accretes to the people who charge rent and sell food.
- kashkhan 10y agoyes and we can adjust the crossover point as we see fit. that's how helicopter money works. In the limit you could give everyone a trillion dollars, and we'd all be equal. This is a thought experiment. My point is that wealth is real and meaningful and can be adjusted.