Inflation would be very welcome right now. Zero interest-rate policy (ZIRP) seems to be the new normal, and I believe its largely due to increasing wealth ineq

Inflation would be very welcome right now. Zero interest-rate policy (ZIRP) seems to be the new normal, and I believe its largely due to increasing wealth inequality which is creating deflationary pressures in our economy (the wealthy can only consume so much, most of their money goes into savings). Also hyperinflation seems very unlikely with the amounts being discussed. Under an ideal UBI. Existing welfare programs would get replaced with the UBI, so that would have a neutral impact on the economy (and if UBI eliminates the welfare trap it could actually be a positive for the economy). The UBI would be a net benefit for those that are currently severely under-employed or unemployed but don't qualify for any welfare programs. But the UBI amounts proposed are fairly small, so would likely only result in a very small increase in demand for food and housing. And we have more than enough food surplus, and plenty of housing surplus in poorer areas of the country that this seems like a non-issue. [1] https://en.wikipedia.org/wiki/Zero_interest-rate_policy https://en.wikipedia.org/wiki/Zero_interest-rate_policy