Basic income is often dismissed as far-Left utopian thinking. Yet long before Shadow Chancellor John McDonnell and Green Party MP Caroline Lucas were backing the idea, it was being proposed by free-market royalty. Nobel Laureates Friedrich Hayek, Milton Friedman and George Stigler have all argued that unconditional cash payments would be an improvement on today’s labyrinthine welfare state.
Left-wing councils may be piloting it in Scotland, but Donald Rumsfeld and Dick Cheney carried out the first experiments in the late 60s . It is important that basic income isn’t the sole preserve of the anti-market Left, because it could be […]
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