Basic income will certainly affect price levels in uneven and unpredictable ways. I can understand why you're concerned. The same is true of free trade. Ther

Basic income will certainly affect price levels in uneven and unpredictable ways. I can understand why you're concerned. The same is true of free trade. There are always going to be winners and losers. But, as far as the macroeconomy is concerned, it's the most efficient way of doing things. I could make some very compelling arguments about why basic income wouldn't make child care, surgery, education, or nursing more expensive. Perhaps, though, we'd see inflation in the price of luxury goods in rural villages in India, where the amount of the basic income would be relatively huge. But by getting into specific examples, we'd be losing the forest for the trees. Your distinction between "free money" and "earned money" is failing to resonate with me. Once the money is in a consumer's hand, does it matter how it got there? People who don't need or qualify for BI, who makes money the hard way, will now need to compete with money from BI This is an important point. Not everyone will receive the basic income at first. As we roll out the basic income, we should be careful about mitigating any resentment toward those who receive it. The basic income would eventually be something that everyone gets, but before then, this is a real concern. Clearly, you feel very strongly about all of this. If you have any additional questions about Gresham Dollar, I'll be happy to address them.