Would Universal Basic Income (UBI) Just Cause Massive Inflation?
About this episode
By far, one of the the most common concerns, if not the most common concern, in regards to the idea of Universal Basic Income (UBI) is that all prices will inevitably go up as a result, immediately reducing the value of each dollar, and essentially creating a new zero. Let’s call it the “New Zero Argument” against UBI. This episode dives deep into that argument and reveals just how baseless such an argument actually is, given all the variables in the inflation equation, and all the evidence we have to plug into it.
Read the article: https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7
For more info about UBI, please refer to my UBI FAQ: scottsantens.com/basic-income-faq
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