Didn't we have an experiment with ubi during COVID. Everyone basically got a big check. You can see the huge impact it has on savings. You can draw whatever con

Didn't we have an experiment with ubi during COVID. Everyone basically got a big check. You can see the huge impact it has on savings. You can draw whatever conclusions you want from that but what I noticed it coincided with is a huge run up in asset prices (especially speculative things like crypto), and to eventually led to broad consumer inflation. Of course a lot of other money was spent (1 trillion in direct payments and income support respectively out of roughly 13 trillion in total new COVID spending). But I think giving out free money distorts markets in unpredictable ways. https://fred.stlouisfed.org/series/PSAVERT https://fred.stlouisfed.org/series/PSAVERT https://www.covidmoneytracker.org/ https://www.covidmoneytracker.org/