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I would not make "Get the government out of the demand side" a rallying cry because UBI is the huge counter-example of something governments should be doing. B
by Ericson2314 6y ago
I would not make "Get the government out of the demand side" a rallying cry because UBI is the huge counter-example of something governments should be doing.
Better to say governments should do, not fund, on the institutional level (run the school, run the hospital, like you say), and fund, not do, in the individual level (UBI not SNAP).
- shkkmo 6y agoUBI doesn't manipulate the demand for specific markets, it is more of a monetary policy that has only an indirect impact on demand.
- Ericson2314 6y ago> UBI doesn't manipulate the demand for specific markets Totally agreed, this a good thing. > It is more of a monetary policy Sure > that has only an indirect impact on demand. Many disagree. Obviously the most basic goods aren't going to be consumed that much more (e.g. we might consume better food but not dramatically more calories). That said, it's a not-fringe view that demand as been statement for ages, due to things like wages not keeping up with productivity growth. UBI is, among other things a way to fix that.