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Inflation is a function of the quantity of money in the system. Basic income money doesn’t come from “printing” more money but from taxes, so, it’s a redistribu
by RobertoG 12y ago
Inflation is a function of the quantity of money in the system.
Basic income money doesn’t come from “printing” more money but from taxes, so, it’s a redistribution scheme. You could expect to see some price changes but not general inflation.
- JoeAltmaier 12y agoThat's far from a foregone conclusion. Printing new money could be an excellent way to create a BI while leveling the economic inequalities present in the present economic system. I.e. reducing the hoarded wealth of the 1%.