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> UBI doubled the amount of money in circulation? Bread, milk, eggs, and rent cost 2x as much. This assumes that production of these things won't rise - almost
by dllthomas 11y ago
> UBI doubled the amount of money in circulation? Bread, milk, eggs, and rent cost 2x as much.
This assumes that production of these things won't rise - almost certainly false.
For milk in particular, we've recently had price supports.
And for rent, a basic income inherently increases the supply of "real estate near enough to sufficient income".