Comment by levelist_com

I'm curious, and this may have been discussed elsewhere, but how would that work in a country like the US (both in terms of size of population and capitalistic greed)? For instance, when student loans became ubiquitous, universities raised their rates. Now there are many theories as to why that was but I feel the simplest explanation is that a) it created greater demand, and b) easy/cheap money (look at ITT). What's to stop rents/mortgages from increasing, cost of goods increasing, basically the cost of everything going up b/c a) people have guaranteed money and demand more goods, and b) simple greed? In my mind it wont be long before that "basic income" isn't enough live on at all. Now I know this seems to be a difficult problem to solve, but I don't think throwing "free" currency at it is going to do anything but drive the value of that currency and it's buying power way down. Im most likely very wrong ( i have zero knowledge sady enough of money and how markets and economies work) - I would just love someone to explain to me how this is even an option - I want to understand?!