It sucks because it is irreversible. This is unnecessary. Just have the government finance UBI. After all, people like Larry Summers, with his "secular stagnation" theory, are calling for a shift from monetary policy to fiscal policy. And I think UBI, as you say, would be a very effective fiscal policy tool.
It sucks because it is irreversible. This is unnecessary. Just have the government finance UBI. After all, people like Larry Summers, with his "secular stagnation" theory, are calling for a shift from monetary policy to fiscal policy. And I think UBI, as you say, would be a very effective fiscal policy tool.