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▲ manlymuppet 3 hours ago

I think this is part of the article's point. Raising incomes to combat affordability problems is far better for everyone involved than lowering prices artificially.

But like you said politicians get less credit for the the former than they do the latter, and thus we have the current situation of continued bad policy decisions.

The article isn't denying that lowering prices is politically effective--I think that's undeniable at this point--just that doing so is probably the wrong call.

▲taylortbb 2 hours ago | parent | next [-]

Fair, it does touch on that issue towards the end. But I think it deserves more than a couple sentences acknowledging (but proposing no solutions to) the issue in the last paragraph, given IMO it's basically the entire issue with their proposal.

▲627467 an hour ago | parent | prev | next [-]

> Raising incomes to combat affordability problems is far better for everyone involved than lowering prices artificially.

This has been tried in many latam countries in the past 15-20years with Inflation expectations getting out of control as result

▲manlymuppet an hour ago | parent [-]

Well it's been "tried" essentially everywhere. Making sure wages rise on pace has been a policy position of essentially every liberal country on Earth for over a century.

To say it doesn't work using Latin American countries as an example, is like saying Russia already "tried" capitalism in the 90s. This kind of policy is so broad, widespread, and so often poorly implemented that it's impossible to use a single example as proof of ineffectiveness.

If you're looking for a positive example though, most people agree that the Scandinavian nations have done pretty well keeping wages on pace.

https://en.wikipedia.org/wiki/Flexicurity

▲idiotsecant an hour ago | parent | prev | next [-]

That also ends in everyone being paid sleventy billion dollars a minute and a banana costing more dollars than the number of atoms in the universe.

This strikes me as a symptom of an unsustainable system.

▲ihsw 2 hours ago | parent | prev [-]

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