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Question is... are banks the best intermediary for determining who is capable of creating value? Perhaps in traditional established commercial lending, but woul
by xenos345 7y ago
Question is... are banks the best intermediary for determining who is capable of creating value? Perhaps in traditional established commercial lending, but would challenge its efficiency on newer orgs.
One benefit of basic income would be that consumption is about as close to market driven as it gets. So naturally the money would flow to companies providing value to individuals based on their needs.
- IanDrake 7y agoI don't see the relation to basic income. You could just say income and be correct. I'm not sure how free money makes consumers a better judge of value, when the did nothing of value to get the free money. In fact, behavioral finance studies have show that people use "mental accounting" and free money is seen as having little value.