Bringing it back around to the basic income... One of the biggest advantages of the basic income is that it does not run afoul of all the information and compu

Bringing it back around to the basic income... One of the biggest advantages of the basic income is that it does not run afoul of all the information and computational issues that central planning does. You have no issues trying to balance linear systems with billions of variables, for basic income uses the huge distributed calculation embodied in the market to get to its optimal allocations. You have no issues of deciding what exactly is the objective function to maximize in the linear system: instead of trying to figure out globally what the correct ratio of vacations to medical care to private tutors to gardeners (ad... billionum) is, you let individuals decide that. The only quantity where that comes into play is the ratio of the basic income to overall value of production. And even when that's set either too high or too low, the allocation errors propagated by it do not cascade into disaster the same way underproduction of iron by 3% would be.