News for hackers. Stuff that matters.
Re:Stockton extends its monthly $500 UBI payment experiment by toomuchtodo on Tuesday June 02, 2020 @03:53PM (#23395571)
This is how the modern economy appears to work. There is no guarantee of return on capital, or that capital must hold its value.

https://www.visualcapitalist.com/700-year-decline-of-interes...

https://www.stlouisfed.org/publications/regional-economist/f...

Re:Stockton extends its monthly $500 UBI payment experiment by ghostwriter on Tuesday June 02, 2020 @04:00PM (#23395659)
But this just states the current situation, when paper is being printed without any relation to material implementation of the value that it's supposed to represent. The fact doesn't justify the policy. Economy depends on producers of value, not on a printing press. I can exchange values without a means of paper.