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How would flooding the economy with “free money” (UBI) not just cause mass inflation? Every experiment I’ve read has been on a small scale. How do economists kn
by MuffinFlavored 7y ago
How would flooding the economy with “free money” (UBI) not just cause mass inflation? Every experiment I’ve read has been on a small scale. How do economists know what will happen if you give an entire country (both rich and poor) extra money to blow every month?
- kamaal 7y agoThe term UBI is misleading. Think of it as UBS. Universal Basic Sustenance. If you were given X amount of eatables, a home and healthcare, you could now focus on a lot more. Sure, you could then say food, home and healthcare wouldn't be much worth(inflated). Then yeah that's the whole point. That's where we want to be.