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Student loans provide some evidence whereby tuition rates increase as student loans flooded the college market. Another example is hyper-low interest rates (es
by cudgy 4y ago
Student loans provide some evidence whereby tuition rates increase as student loans flooded the college market.
Another example is hyper-low interest rates (essentially increasing money supply), which are largely responsible for the inflation of housing which is a major portion of inflation for consumers.
Therefore a better way to handle UBI (which I believe may be needed by the way) is to gradually phase it into the system to avoid shocks like giving everyone $10,000 all of a sudden. There would still be inflation, bit it would hopefully be less dramatic.