4 ms·
If you take more money off the top of the economy and destroy it then you can inject more in the bottom via creation methods like UBI, without causing inflation
by egypturnash 5y ago
If you take more money off the top of the economy and destroy it then you can inject more in the bottom via creation methods like UBI, without causing inflation.
You could also just start injecting more money at the bottom via a UBI designed to constantly grow to chase inflation, and watch the real purchasing value of the 1%’s piles of dollars start to decline precipitously as the dollar entered a hyperinflation spiral, but that would mean international trade would drop dollars for another currency that was more stable.