3 ms·
My only worry is that a lot of that money goes to housing. Rents go up immediately and also house prices. So we need policies to increase housing supply/densit
by corpMaverick 5y ago
My only worry is that a lot of that money goes to housing. Rents go up immediately and also house prices. So we need policies to increase housing supply/density in most cities to counter this effect.
- jbay808 5y agoI think the trick would be to increase interest rates (deflationary, mostly for assets) and implement UBI simultaneously (inflationary, mostly for consumables). The increasing cost of debt will sink asset prices, houses most of all, while the UBI cancels out the systemic deflationary forces that result from that. I think the net effect of this would drive investment into more productive and less rent-seeking areas, incentivize a lot more innovation, and also significantly reduce the wealth gap. But that's just me.