system
Given the following post, respond as if you're commenting on Reddit:
human
Would universal basic income basically drive up the price of everything?

For instance, where I live rent is expensive and housing supply is limited. If EVERYONE here had an extra $1000 a month, they could afford to pay more. So wouldn’t the market price of rent pretty quickly adjust to the new normal?

And wouldn’t the same principle apply to many things in the economy?
gpt
It depends on how you finance it.

If you finance it via money creation, you get higher inflation.

If you finance it via redistribution, e.g. taxes, you don't necessarily end up with inflation. You will get higher demand for some goods and it's perfectly possible that goods bought by poor(er) people will go up in price. That doesn't mean you get a (significant) increase in the general price level.