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The value of any currency is how much real stuff you can buy with it. If there's 20% more dollars in circulation each one would be worth 20% less. This is why
by slackingoff2017 9y ago
The value of any currency is how much real stuff you can buy with it. If there's 20% more dollars in circulation each one would be worth 20% less.
This is why UBI is wealth distribution. Too keep the UBI money from being worthless it can't be printed money, it needs to be money taken from someone else.
- tpallarino 9y agoIt's not quite equal due to factors such as money velocity and liquidity. There's also the question of improved productivity/etc. to be had from this redistribution, which would increase effective buying power.