During the COVID-19 public health crisis, the United States economy was given a real-time lesson on the advantages and disadvantages of a universal basic income (UBI) program. It turned out that the pandemic-era public policy of something for nothing had grave consequences for the economic landscape, be it the labor market or inflation. Today, the nation is still enduring the consequences of handing out free money to millions of Americans through stimulus and relief checks and sweetened unemployment benefits. Now that the genie has been let out of the bottle, left-leaning officials want to start implementing the same concept […]
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