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Economists are still divided on the subject. So far localized experiments in UBI have not caused localized inflation, but it's hard to tell since it's small sc
by jedberg 4y ago
Economists are still divided on the subject. So far localized experiments in UBI have not caused localized inflation, but it's hard to tell since it's small scale.
I'm not so sure it would actually happen though. We already give support to a lot of poor people through various programs like EBT and Medicaid. This just converts that help to cash, which gives people more freedom on what they want to spend on.
- JackFr 4y agoThe problem with UBI experiments is that it hasn’t been U. If it’s localized and small scale it’s obviously not Universal, which makes it hard to draw conclusions.
- yellowapple 4y agoIt's also rarely B, either; I don't know of very many (if any) such experiments where the income was sufficient to live on.