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Your comment beats me to it! I used to be in favor of UBI, but every point you make is valid. And the so-called Modern Monetary Theory of printing unlimited sum
by phmqk76 3y ago
Your comment beats me to it! I used to be in favor of UBI, but every point you make is valid. And the so-called Modern Monetary Theory of printing unlimited sums of money without triggering inflation either doesn’t work conceptually, or requires too many ancillary policy changes to ever be an option.
I think a good solution looks more like good old-fashioned workers rights laws that we see in Europe, which includes sector-level wage bargaining. And I would also like to see a federal jobs guarantee that would cause upwards wage pressure in the private sector, while providing a livable minimum wage for all who are able to work.