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During boom times, yes. During those times I think we would reduce it -- but not eliminate it -- or severely means-test it. But when the economy is not performi
by encoderer 13y ago
During boom times, yes. During those times I think we would reduce it -- but not eliminate it -- or severely means-test it. But when the economy is not performing efficiently -- the way things are now for example -- this will do nothing but increase aggregate demand.
Think about inflation like this: More bidders for the same goods and services. Well, right now there are goods and services on the sidelines.
- MartinCron 13y agoseverely means-test it Means-testing is where a lot of the cost of social welfare systems comes into play, and where nearly all of the moral hazard starts (making it more expensive to work than to not work). It's best to keep means-testing out of it altogether.