Tbf UBI-lite during COVID was paired with 2 things: 1) massive handouts to business owners through forgiven “loans.” Predictably this had massive fraud, some o

Tbf UBI-lite during COVID was paired with 2 things: 1) massive handouts to business owners through forgiven “loans.” Predictably this had massive fraud, some of which was prosecuted but not much. 2) massively constrained supply chains which caused higher prices. I suspect 2 at least would have caused inflation regardless of the stimulus checks. It’s unclear to what extent UBI causes persistent inflation. Proponents claim the backdrop of a minimal income will enable more risky innovative projects which could increase GDP growth enough to counteract some level of increased inflation.