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A comment on A Dutch city is giving money away to test the basic income theory. Parent comment

Re:A Dutch city is giving money away to test the basic incom... by ajuc on Thursday July 02, 2015 @07:10AM (#9818107)
So you say demand will increase and production will have to catch up. I think prices will go up, not down in such case.
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Re:A Dutch city is giving money away to test the basic incom... by rorykoehler on Thursday July 02, 2015 @07:19AM (#9818144)
How did you come to that conclusion? We can easily increase production to meet demand. In fact supply is a largely solved problem. The new problem is lack of demand.
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Re:A Dutch city is giving money away to test the basic incom... by s73v3r on Thursday July 02, 2015 @02:10PM (#9820575)
Depends on how elastic the demand for the good is. Not everything can handle a large price hike like that. McDonald's, for instance, wouldn't be able to jack up their prices a whole lot, because then people simply wouldn't go there.
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