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RE: Someday we will look back and interpret the Constitution as having called for unconditional basic income all along

in #basicincome7 years ago

The article says that printing massive amounts of money doesn't cause much inflation, and that we want a small amount of inflation-
If inflation is a good thing, or non-existent (the article implies both), let's base UBI payments on the cost of goods in say, 1920. That way, UBI payments would much cheaper like $80 a month, instead of $1,000. If not, you'll have to admit that as the supply of money has increased, price inflation has infarct occurred on a dramatic scale, and that it would logically also occur following UBI payments.