Comment by rxtexit
8 hours ago
How can you not see that if everyone gets X amount of UBI, the cost of everything goes up until you can no longer live on X.
It is such basic economics I just can't believe we even have these debates.
It is something I would have thought of when I lived with my parents as a clueless teenager.
That's not how it works - inflation is a function of money supply, not of how it is distributed. Do you consider Milton Friedman a "clueless teenager"? I admire your self-assurance by the way...