3 ms·
> Sam Altman does not understand or appreciate the above point. Maybe because the above point is dubious at best? In a complex domain like an economics, it is
by pg314 10y ago
> Sam Altman does not understand or appreciate the above point.
Maybe because the above point is dubious at best?
In a complex domain like an economics, it is very hard to make proclamations such as yours with anything resembling your certainty. Depending on how UBI is implemented (and how close to full employment the economy is, how much other government spending there is, how it is financed,...) there might be an effect on inflation. But it would probably be nowhere near enough to 'be a wash'.
The debate on UBI isn't settled yet by economists. More experiments are needed and will shed more light on it.
Your comparison with easing credit is nonsensical.