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If everyone is given money for a specific product and suppliers are universally aware of exactly how much people can spend on that product then, yes, that can h
by trbvm2 10y ago
If everyone is given money for a specific product and suppliers are universally aware of exactly how much people can spend on that product then, yes, that can happen.
However, under UBI, I think suppliers of goods and services would still be faced with the basic issue of not knowing exactly how much consumers value any given product and competition would still exist so prices would likely still be set by supply vs demand.
- TrevorJ 10y agoDemand would rise though.