Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans

Don’t blame stimulus checks for inflation, says Andrew Yang, who still supports sending free cash to most Americans

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MIAMI — Former presidential candidate Andrew Yang says that Covid stimulus checks are not to blame for the recent inflation spike — and he’s still in favor of sending people free cash as a way to insulate workers from economic shocks and technological disruption.

The universal basic income (UBI) evangelist told CNBC on the sidelines of the Bitcoin Miami conference that stimulus checks comprise “maybe 17%” of the money issued with the CARES Act — a measure passed by Congress to unlock trillions of dollars in stimulus funding to shore up the economy amid worldwide lockdowns.“Where did the other […]

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