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The political wisdom is correct, poor people receiving UBI will actually spend that money and increase the velocity of money. That is genuinely more likely to c
by aianus 6y ago
The political wisdom is correct, poor people receiving UBI will actually spend that money and increase the velocity of money. That is genuinely more likely to cause inflation than bailing out a bank facing margin calls on its credit default swaps.
UBI is great, but if it's paid for by printing money instead of redistributing it, it will absolutely cause inflation.