As far as i know the net result would be an increase in rents, mortgages, home prices, and taxes, making zero difference. So it is correct to say inflation of the money supply will not necessarily occur, but it does NOT mean that an increase in prices that consume 1k won’t occur.
IN REPLY TO:
Original post on X
Original tweet unavailable — we could not load the text of the post this reply is addressing on X. That usually means the tweet was deleted, the account is protected, or X does not expose it to the account used for archiving. The Original post link below may still open if you view it in X while signed in.
Original post: https://twitter.com/i/web/status/1106999264482217984