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I am really curious to learn more about why UBI will not drive the prices up. Could you indicate any articles that elaborate on this?

JoeAltmaier 6y ago
Better question: why would it? Economics is complicated. In a free market there's no way to distinguish 'UBI money' from any other kind. Try jacking your price up - somebody else will have a sale and eat your lunch.
- MiroF 6y ago
  But if everyone has more liquidity access, that drives prices up. You don't have to do something like distinguish UBI money for this to be true.
  - JoeAltmaier 6y ago
    Again, more buying means more production and reduced costs due to volume. Driving prices down. This happens too. As well a a dozen other things. Economics is complicated. Playing dot-to-dot across the space with cherry-picked examples is not very useful.
    - deleted 6y ago
      [deleted]
    - Ididntdothis 6y ago
      “more buying means more production and reduced costs due to volume. “ Not in housing, not in health care and not in education. In other sectors, yes.
      - JoeAltmaier 6y ago
        Not clear. They build new houses. Health care hires and expands. New schools open all the time. And volume decreases cost in those areas too. Now they may be over-regulated and broken; no argument there.
        Ididntdothis 6y ago
        Are you saying that housing, education and health care haven’t seen massive price increases over the last few decades?
        drunkonpappy 6y ago
        He didn't say that at all He alluded to how those systems being over-regulated and broken prevent the usual economic factors from working. E.g. if you don't allow people to build new houses in certain places then that makes it quite easy for housing prices to go up in those areas
        Ididntdothis 6y ago
        Then let’s fix those first before talking about UBI.
        JoeAltmaier 6y ago
        Or not. Because folks are hurting now. And with UBI they might be able to move to more affordable locations anyway, which helps solve the other problem right there.
        drunkonpappy 6y ago
        There's no reason we can't implement UBI asynchronously For what it's worth, of all of these solutions, UBI is the one that requires the least overhead, by far. Housing requires actually building houses. Education means making broad structural changes to many different levels of the whole system UBI, as it has been mainstreamed, is literally just playing a trick within the money/accounting/tax system to lift people out of poverty. This will have a positive spill-over effect into other stuff
      - MiroF 6y ago
        > In other sectors, yes. Not even. But it's not worth arguing about this, it's basic macro and if s/he doesn't want to educate themselves, that's up to them.
ImprobableTruth 6y ago
It's not directly UBI, but strong welfare programs don't seem to drive up rent prices. Since UBI with a corresponding progressive tax is equivalent to welfare, I'd assume it'd have similar results.

JoeAltmaier 6y ago

Better question: why would it? Economics is complicated. In a free market there's no way to distinguish 'UBI money' from any other kind. Try jacking your price up - somebody else will have a sale and eat your lunch.

MiroF 6y ago
But if everyone has more liquidity access, that drives prices up. You don't have to do something like distinguish UBI money for this to be true.
- JoeAltmaier 6y ago
  Again, more buying means more production and reduced costs due to volume. Driving prices down. This happens too. As well a a dozen other things. Economics is complicated. Playing dot-to-dot across the space with cherry-picked examples is not very useful.
  - deleted 6y ago
    [deleted]
  - Ididntdothis 6y ago
    “more buying means more production and reduced costs due to volume. “ Not in housing, not in health care and not in education. In other sectors, yes.
    - JoeAltmaier 6y ago
      Not clear. They build new houses. Health care hires and expands. New schools open all the time. And volume decreases cost in those areas too. Now they may be over-regulated and broken; no argument there.
      - Ididntdothis 6y ago
        Are you saying that housing, education and health care haven’t seen massive price increases over the last few decades?
        drunkonpappy 6y ago
        He didn't say that at all He alluded to how those systems being over-regulated and broken prevent the usual economic factors from working. E.g. if you don't allow people to build new houses in certain places then that makes it quite easy for housing prices to go up in those areas
        Ididntdothis 6y ago
        Then let’s fix those first before talking about UBI.
        JoeAltmaier 6y ago
        Or not. Because folks are hurting now. And with UBI they might be able to move to more affordable locations anyway, which helps solve the other problem right there.
        drunkonpappy 6y ago
        There's no reason we can't implement UBI asynchronously For what it's worth, of all of these solutions, UBI is the one that requires the least overhead, by far. Housing requires actually building houses. Education means making broad structural changes to many different levels of the whole system UBI, as it has been mainstreamed, is literally just playing a trick within the money/accounting/tax system to lift people out of poverty. This will have a positive spill-over effect into other stuff
    - MiroF 6y ago
      > In other sectors, yes. Not even. But it's not worth arguing about this, it's basic macro and if s/he doesn't want to educate themselves, that's up to them.

ImprobableTruth 6y ago

It's not directly UBI, but strong welfare programs don't seem to drive up rent prices. Since UBI with a corresponding progressive tax is equivalent to welfare, I'd assume it'd have similar results.