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You let the government simply print more of it. This replaced taxation with inflation, having the positive side effect that it pushes people to favour investme
by j-pb 10y ago
You let the government simply print more of it.
This replaced taxation with inflation,
having the positive side effect that it pushes people to favour
investment over capital hoarding, but incentivizes dept at the same time.
- vertex-four 10y agoI think you'll find that most people in favour of UBI are not in favour of incentivizing people to go into debt.
- j-pb 10y agoYeah, that should have been disincentivizing dept. Autocorrect screwed me over there and I just realised. The effect is actually as follows. It disincentivizes dept because there is no reason for lending (as interest is eaten up by inflation), and at the same time it's actually alleviating crippling dept because the relative worth of the dept (what you could actually buy with that money) diminishes with inflation.