Site is hugged for me, so I can't check to see if the author addresses this. I've been wondering - wouldn't UBI tend towards an inflationary spiral?
I'm sympathetic to the goals of UBI. But without price controls, what would prevent rent/mortage/food/entertainment prices from just rising to absorb everybody's newfound income?
College tuition has been going up exponentially since the introduction of federal student aid. Is there any reason to assume UBI wouldn't do the same thing (albeit without the debt)?
I'm sympathetic to the goals of UBI. But without price controls, what would prevent rent/mortage/food/entertainment prices from just rising to absorb everybody's newfound income?
College tuition has been going up exponentially since the introduction of federal student aid. Is there any reason to assume UBI wouldn't do the same thing (albeit without the debt)?