3 ms·
Over the long term, maybe. Over the short term, recessions are still not going to be caused by changes in aggregate behavior; they will continue to be caused b
by gizmo686 7y ago
Over the long term, maybe.
Over the short term, recessions are still not going to be caused by changes in aggregate behavior; they will continue to be caused by business cycles, so we want to have counter-cyclic forces.
- chr1 7y agoI believe with fixed 20k UBI, that is increasing when income tax decreases, the hyperinflation would happen very quickly (1-2 year) much quicker than the business cycles. But even if i am wrong it is better to start with small and conservative UBI scheme to be safe.