If Universal Basic Income existed, wouldn’t the cost of living increase and counter balance? Andrew Yang is proposing $1,000/month to all US citizens. Seems like home prices would just inflate and so would other products. In countries where UBI was introduced, did this happen?

Inflation of prices could happen, but it could not happen to the extent that UBI became meaningless.

People charge prices that they can get away with. (A market crashes when the price suddenly is unsustainable.)

Let’s look at some boundary cases, to see why UBI can’t become meaningless due to inflation.Boundary case A: Everybody stops working, because hey, I can live off of UBI. If everybody stops working, there are no goods and services, the money is meaningless. Because the money does nothing, people have to work to get what they want. (Heyyyy, looks like it can’t possibly cause everybody not […]

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