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Would you have considered the pre-2007 housing market a part of the free market? Same exact thing happened there. "Free" money given out and the market figured
by irishcoffee 6y ago
Would you have considered the pre-2007 housing market a part of the free market? Same exact thing happened there. "Free" money given out and the market figured out how to soak it up very quickly.
- JoeAltmaier 6y agoBut with the UBI, the money isn't 'for' anything. Its just more money. It can be spent on donuts, or houses, or college, or hookers and blow. None of those markets has any 'claim' on the money. I doubt anybody will figure out a way to 'soak it up'
- irishcoffee 6y agoAgree to disagree. Giving people money will solve exactly zero problems.
- JoeAltmaier 6y agoDespite all the evidence to the contrary? Its FUD that keeps the UBI from happening. Not logic, evidence nor sound economic principles. Old farts that can't let go of 1950's notions of how people should behave.
- irishcoffee 6y agoDid you read the link that created this thread? UBI won't solve anything. I hate to burst your bubble, but you're just ignoring facts. "Old farts" have nothing to do with it.
- JoeAltmaier 6y agoA single limited Finnish experiment of limited duration was loosely characterized. Not proving anything; not rational to deduce all that from 'an article'. No, this is more cherry-picking to support a preconceived notion - that the Protestant Work Ethic will always be the right answer to everything. Read a dozen more articles, not from your bubble, and then get back to me.