I am not an economist, and am summarizing the received wisdom on stagflation and tentatively applying it to UBI. If I could put my economist hat on, I would thi

I am not an economist, and am summarizing the received wisdom on stagflation and tentatively applying it to UBI. If I could put my economist hat on, I would think that the real value of UBI allotments would be constant, as you said, in the best case.