What If Andrew Yang Was Right?

Re:What If Andrew Yang Was Right? by mrfusion on Monday March 16, 2020 @09:08PM (#22600356)

Why would it increase inflation? An equal amount of money is taken out of taxes. There’s no new money being created.

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Re:What If Andrew Yang Was Right? by eachro on Tuesday March 17, 2020 @02:35PM (#22608434)

I don't know whether it would or wouldn't. I was just replying to the parent comment which said this:

> But what Yang doesn't do here or in his book is make a powerful case to fiscal conservative spelling out just how universal income will avoid demolishing the economy through inflation. Until this happens, UBI is going nowhere.

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Re:What If Andrew Yang Was Right? by somebodythere on Tuesday March 17, 2020 @04:02AM (#22602742)

It's not just the net money supply that results in inflation, it's also the prospensity for it to be spent, and on what it is spent (inelastic/elastic demand curve goods and services) which determines the amount of inflation.

If you took 100 dollars out of the pocket of every American and gave it to Warren Buffett, that would most likely be deflationary.

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