As someone who writes frequently about universal basic income — the idea of giving everyone enough money to live on, no strings attached — the most common argument I hear against the proposal has nothing to do with its cost, or the potential that it’ll discourage people from working, an attack that former Vice President Joe Biden used this week .
The most common criticism I hear, rather, is that basic income would cause massive inflation .
This idea has some intuitive plausibility to it. Imagine the government printed and handed out $1 billion for each person in the country . […]
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