One of the fiercest champions of Universal Basic Income calculated how much we’d all get if QE was paid in cash to citizens instead

Wikimedia Commons DAVOS — Professor Guy Standing today told the World Economic Forum that each person in Britain could have received a state income of £50 per month if the Bank of England’s four-year £375 billion quantitative easing plan had been paid out as a universal basic income (UBI) instead.

Standing, a professor at the University of London, is a leading advocate of a UBI, a scheme by which every resident of a country would receive a regular state payment regardless of working status.

Americans may have been even better off. Standing estimates that if the US Federal Reserve’s $475 billion […]

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