Thank you for your comment. I’m confident a towns economic capacity is of no consequence to the interconnected nature of national economics unfortunately. But am also woefully ignorant lol
This is the thing people keep missing with those prior experiments; their limited nature insulated from the negative consequences of the devaluation of money because neighbouring communities were meta-stable under the current strategy.
The second we have universal basic income, money will devalue until the significance of that money essentially trends towards zero in terms of impact.
In other words, we’ll make the “free” money worthless, which will cause hyperinflation or require extreme market controls that traditionally haven’t done much but stifle economic activity.
Thank you for your comment. I’m confident a towns economic capacity is of no consequence to the interconnected nature of national economics unfortunately. But am also woefully ignorant lol
You’re not woefully ignorant, you’re correct.
This is the thing people keep missing with those prior experiments; their limited nature insulated from the negative consequences of the devaluation of money because neighbouring communities were meta-stable under the current strategy.
The second we have universal basic income, money will devalue until the significance of that money essentially trends towards zero in terms of impact.
In other words, we’ll make the “free” money worthless, which will cause hyperinflation or require extreme market controls that traditionally haven’t done much but stifle economic activity.
Thank you for the validation!
Do you have any recommendations on equitable policy we should champion? Would love to hear your thoughts!