2 ms·
"As long as UBI isn't pegged to inflation, setting the level too high is self-limiting." Yeah, to my mind it should grow just above targeted inflation. Peggin
by dllthomas 11y ago
"As long as UBI isn't pegged to inflation, setting the level too high is self-limiting."
Yeah, to my mind it should grow just above targeted inflation. Pegging to measured or expected inflation replaces a stabilizing negative-feedback loop with a potentially explosive positive-feedback loop.