3 ms·
> economic productivity will increase to match demand True, but not instantaneously. The lag there is inflation at work. > But the supply for most 'not-rich-m
by RhysU 6y ago
> economic productivity will increase to match demand
True, but not instantaneously. The lag there is inflation at work.
> But the supply for most 'not-rich-man goods' is made of commodities...
Desireable housing near good jobs, high quality education, effective health care, child care in a regulatory environment, convenient transportation. These are not highly elastic. That's a lot of most people's expenses if they can be afforded.
> And the increased productivity/value from the economy...
How does paying people not to work increase available labor to apply to productive endeavors?
> ...have a deflationary aspect that you're not considering.
How does handing someone $5 increase the intrinsic value of any good?
- nickthemagicman 6y agoUBI is meant to replace government safety nets. It's meant for survival, not for education healthcare and all those other things you mentioned. >How does handing someone $5 increase the intrinsic value of any good? You should go back and re-read what I wrote. Might be beneficial to check out an econ 101 book so you kind of understand deflation as well as inflation, and just generally how the value of money works.