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"can't arbitrarily raise rents without collusion." ??? There's no need for 'collusion' - term is 'inflation' - which will 100% happen when we start printing m
by jollybean 5y ago
"can't arbitrarily raise rents without collusion."
???
There's no need for 'collusion' - term is 'inflation' - which will 100% happen when we start printing money at that scale.
It's unavoidable, almost by definition.
Housing costs are already skyrocketing and this is moving into rents already, at least largely in part because of of massive Fed Stimulus. In the short run it might be better to just give some cheques to people, but not over any period of time.
- ClumsyPilot 5y ago"term is 'inflation' - which will 100% happen when we start printing money at that scale." So you get 0% inflation when we give money to the rich and bail out the banks, but as soon and you give a hobo $50 the entire economy crumbles and inflation spikes, right? Very conveneint ideology
- usefulcat 5y agoIf you give a lot of money to the rich, I would expect to see inflation in the stock market. Coincidentally, the stock market has far, far outpaced inflation for probably at least 20 years now.
- jollybean 5y agoI didn't remotely imply any of that. You fabricated a bunch of ideas which have nothing to do with what I said. 'Very convenient fabrication'. --> If you put a lot more dollars into the real economy by direct distribution, then rents will go up via systematic collusion. Most of that money handed out will be captured by landlords. That has nothing to do with with what may or may not happen if you concentrate money in the financial sector via whatever means.
- j_walter 5y agoNot to mention the rents going up to make up the lost money for all those who didn't pay rent the last 2 years.