Sure, I’ll try and make the ELI5 version (with some sarcasm; I’m sorry, I can’t help myself with this one), but feel free to ask questions. The paper itself is here , which claims that a UBI will massively grow the economy, by as much as 13+ percent. Let’s go through some of it. By contrast, the Levy model contains no aggregate production function A long-run macroeconomic model with no aggregate production function. It’s difficult for me to emphasize how ridiculous this line is. The related assumption: the Levy model assumes that the economy is not currently operating near […]
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