Hacker News new | ask | show | jobs
by vsareto 2130 days ago
> I see the claims that this won't produce inflation with extreme scepticism.

I haven't seen price drops since many people stopped working and can afford less, so I don't expect the system to work logically in the other direction either.

2 comments

You probably won't see prices dropping, as many businesses are selling much less and they need to keep prices to cover the costs.
Rents are easily adjusted for the new income.

Limiting the increase of rents is often named as a feasible remedy. However this can be circumvented by renovations, after which the rent can be increased. Or reversely, renovations might be omitted totally, which yields a net quality decrease for the inhabitants in the long run.