The interview here is compelling. Yang's book is even more compelling.
But what Yang doesn't do here or in his book is make a powerful case to fiscal conservative spelling out just how universal income will avoid demolishing the economy through inflation. Until this happens, UBI is going nowhere.
Although COVID-19 is on everyone's minds right now, it wasn't too long ago that Venezuela, its hyperinflation, and empty stores were the topic of concern.
COVID-19 has brought with it store shortages, which no doubt is a massive shock to most Americans. Nobody knows when those shortages will end.
Imagine what could happen if you dropped a grand in everyone's pocket every month. Also imagine the humanitarian crisis that would result by trying to suppress consumer inflation through price controls.
But what Yang doesn't do here or in his book is make a powerful case to fiscal conservative spelling out just how universal income will avoid demolishing the economy through inflation. Until this happens, UBI is going nowhere.
Although COVID-19 is on everyone's minds right now, it wasn't too long ago that Venezuela, its hyperinflation, and empty stores were the topic of concern.
COVID-19 has brought with it store shortages, which no doubt is a massive shock to most Americans. Nobody knows when those shortages will end.
Imagine what could happen if you dropped a grand in everyone's pocket every month. Also imagine the humanitarian crisis that would result by trying to suppress consumer inflation through price controls.