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No, debt won't be paid off, because the only realistic way of financing UBI is generating more debt through government bonds. And that, just like Quantitive Eas
by mamon 10y ago
No, debt won't be paid off, because the only realistic way of financing UBI is generating more debt through government bonds. And that, just like Quantitive Easing, will only create another market bubble followed by another financial crisis.
- smogcutter 10y agoMaybe yes maybe no, but that's unrelated to people paying off their credit cards. Funding an expense like that with bonds really only makes sense to me if you expect it to result in growth (in which case its not necessarily a problem), but even in that case it sounds very inflationary. More so than UBI itself. I'm no good at macro though, and will happily say that at this point I'm arguing out of my depth, along with anyone who makes an argument without numbers behind it.