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Basic income gives consumers money to spend. The only way to pay for a basic income is by having an economy that gives consumers something to buy with that money. If our economy can’t produce enough goods to match the level of consumer spending, then we end up with inflation.
There. I just gave you the answer. You can now skip the rest of this blog post. You’re welcome.For some reason you’re still here. But that’s OK because you’re not alone. The larger conversation around basic income also seems to be stuck on the question of how to pay […]
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