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As one of the people impacted by losing the $150 a month extra SNAP (food stamp) money we were getting throughout the pandemic, inflation was barely noticeable
by JieJie 3y ago
As one of the people impacted by losing the $150 a month extra SNAP (food stamp) money we were getting throughout the pandemic, inflation was barely noticeable while we were getting it. The effects of inflation became most noticeable when the extra $150 a month was ended, because the inflated prices never went down when the inflationary pressure was removed.
- lolinder 3y agoBut if the extra $150/mo were never removed and the inflationary pressure never let up, I would expect it to become noticeable eventually, and UBI would exert even more inflationary pressure than pandemic-era stimulus/welfare. When inflation does catch up to the UBI, do you just keep raising the UBI forever and ever? How does that not turn into hyperinflation?
- JieJie 3y agoI'm working on a business degree to try to get back into the economy myself, so when I find out the answer to your questions, I'll let you know. I suspect the answer is very complicated and difficult to implement, but there is sufficient worldwide desire for some outcome that both supports the poor and disabled while not over-encumbering the rest of society in supporting us.