3 ms·
'basic income' or 'negative income tax' is an idea supported by Milton Friedman, who is generally regarded as a knowledgable economist of the Chicago school and
by fleitz 13y ago
'basic income' or 'negative income tax' is an idea supported by Milton Friedman, who is generally regarded as a knowledgable economist of the Chicago school and a critic of many aspects of the Keynesian welfare state. You may know Milton Friedman from such economic ideas as 'fiat currency' which has been the dominant monetary policy globally for the last 40 years.
Since non-economists should not be critiquing economic policy according to you, may I ask what your credentials are in this field?
http://en.wikipedia.org/wiki/Negative_income_tax http://en.wikipedia.org/wiki/Negative_income_tax
- nickik 13y agoNIT and BI are to diffrent things but with simular spirit. Make it rule based, simple to administer and most importently keep to the principle, if you work you get more money.
- argonaut 13y agoUhh.... fiat currency is not monetary policy. You meant monetarism, which has most certainly not been the dominant monetary policy for the last 40 years. It's been influential, yes. There have been periods of time in which it has been in vogue, yes, but you certainly cannot call it the dominant monetary policy globally for the last 40 years..
- deleted 13y ago[deleted]