3 ms·
I wonder if there are any economic studies on whether social security increased inflation when it was first enacted. It's not the ideal comparison because of th
by eachro 7y ago
I wonder if there are any economic studies on whether social security increased inflation when it was first enacted. It's not the ideal comparison because of the sheer scale of UBI vs social security but it would be something to get notion of the impact.
- jrhurst 7y agoHard to tell. We'd have to ping similar programs in order countries because there was massive depression on the value of the dollar than.
- mrfusion 7y agoWhy would it increase inflation? An equal amount of money is taken out of taxes. There’s no new money being created.
- somebodythere 7y agoIt's not just the net money supply that results in inflation, it's also the prospensity for it to be spent, and on what it is spent (inelastic/elastic demand curve goods and services) which determines the amount of inflation. If you took 100 dollars out of the pocket of every American and gave it to Warren Buffett, that would most likely be deflationary.
- eachro 7y agoI don't know whether it would or wouldn't. I was just replying to the parent comment which said this: > But what Yang doesn't do here or in his book is make a powerful case to fiscal conservative spelling out just how universal income will avoid demolishing the economy through inflation. Until this happens, UBI is going nowhere.