4 ms·

BI isn't printing money so how would hyperinflation ensue?

• _rpd 10y ago
  Supposing the BI funding proposal doesn't include printing money (which is not at all clear), the price of inelastic goods (in particular housing) will rise to absorb the universal increase in income. There will then be calls to index BI to inflation, which politicians won't be able to resist, and the spiral will begin.
  • xienze 10y ago
    Not just tie it to inflation, but to location as well. After all, it wouldn't be fair for someone on BI to not be able to live in Manhattan or San Francisco.
    • _rpd 10y ago
      > Not just tie it to inflation, but to location as well. If it happens, I hope they do both, since the location adjustments will be even more rapid than the generic inflation adjustments, and it is possible that hyperinflation would just destroy the highest cost cities, rather than the entire US, before the program is scrapped.