3 ms·
UBI makes sense only if you’re able to ignore pretty much every economic theory except communism. One particular issue I have is the fiat nature of money: it’s
by jarym 9y ago
UBI makes sense only if you’re able to ignore pretty much every economic theory except communism.
One particular issue I have is the fiat nature of money: it’s meant to be printed to promote economic growth but it will usually reduce purchasing power. This is similar to the effect of dilution on stock.
The article talked about price inflation bit the real issue with UBI is we finally remove any economic value that may be equated to money - it just becomes a piece of paper and it will likely lose value until it has none left.
- CuriousSkeptic 9y agoTry Georgism if you need an alternative theory: https://en.m.wikipedia.org/wiki/Georgism https://en.m.wikipedia.org/wiki/Georgism