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> ...where is the proof that it won't hurt long term productivity, and where is the proof that it doesn't cause inflation[?] Assuming we could obtain reliable
by anemoiac 6y ago
> ...where is the proof that it won't hurt long term productivity, and where is the proof that it doesn't cause inflation[?]
Assuming we could obtain reliable proof that UBI reduces productivity and/or increases inflation, that doesn't necessarily imply that it's an undesirable policy. The economy exists to serve humanity, not to maximize productivity or minimize inflation. It's certainly possible that a policy could provide an overall benefit to humanity while simultaneously reducing economic productivity and/or increasing inflation by some amount.
- missedthecue 6y agoThe economy is not some ethereal beast that we must tame into doing our bidding. It is the way we measure production, consumption, and trade by humans. It cannot "serve" anyone. It is you and me and everyone else behaving in rational self interest.
- anemoiac 6y agoOk, then let’s abolish all laws regarding economic activity (including private property) and abandon any related social conventions. Apparently they’re superfluous.