Re:Uber for Welfare
by bryanlarsen on Monday February 22, 2016 @02:21PM
(#11153488)
But without top-level inflation, there is going to be a definite cap on that effect.
And it's not every consumer that has $X,000 more. It's only the poor consumers. The middle class has their BI taxed back. And the poor are a very small portion of the economy.
An increase in the money supply _is_ inflation - the very definition of it.
> BI will definitely have localized effects on prices.
Yes, I said this in my OP. It will lead to increases in prices for consumer goods in particular, as opposed to other goods. If every consumer has $X,000 dollars to work with that they didn't have before, then demand for consumer goods is going to rise, leading to lower inventory and therefore, higher prices.