I was listening to EconTalk the other day and Mike Munger from Duke University was on talking about Universal Basic Income. I happen to believe that UBI will become a necessity in the very near future, so it’s a subject of interest to me. That said, I don’t often hear any new ideas about it; it’s mostly a conversation about how much to give and how to pay for it.
That is, until Munger reframed the issue for me. I have to admit that I’ve never thought about it in these terms, but I happen to think he’s right.
We already […]
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