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Not sure how welfare programs, which already exist, don't have this same problem and yet, we manage. But even if you did this on a global level and gave everyo
by drblast 11y ago
Not sure how welfare programs, which already exist, don't have this same problem and yet, we manage.
But even if you did this on a global level and gave everyone $20, think about what that impact would be. It's an interesting thought experiment. Consider the impoverished nation where an extra $20 would significantly impact a person's life. Would the dollar replace the local currency there eventually? Would that strengthen the dollar overall? Would it stimulate the world economy such that we'd all benefit?
I don't know the answers, but this sounds like it could work for just the U.S. and experiments in the past with it during the Nixon era have had positive results. Why would it not work on a global scale?