4 ms·
"there's only a finite amount of money in the economy" I'm not sure of your definition of money here- the Government prints currency all the time. If you mean
by ensignavenger 13y ago
"there's only a finite amount of money in the economy"
I'm not sure of your definition of money here- the Government prints currency all the time. If you mean goods and services, why can't we produce more? Are you saying that our current economic output is at it's maximum capacity?
- rbehrends 13y agoI thought it was obvious that I was talking about money at some specific point in time? Especially since I also mentioned the option of creating money?
- ensignavenger 13y ago"I also mentioned the option of creating money" So, you did. I missed that. So I guess my next question is why can't we just create more? The (increased) amount we would have to create would not be equal to the amount of the basic income, because we could eliminate most welfare programs and their associated overhead. On the surface, I don't see a problem with printing the rest.