This is a book promoting Modern Monetary Theory (MMT) and Universal Basic Income (UBI) as a solution to our economic problems. Basically, we should produce as much money as we have capacity to consume and some amount of this money, say 25k a year, should go to every citizen to ensure their basic needs are met. I just fundamentally think this won’t work for a number of reasons.
– We are essentially trying this during the pandemic, but we don’t have good tools to shut off the money flow to abate inflation and keep people working. Look today with […]
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