Re:Universal Basic Income is Capitalism 2.0
by devonkim on Thursday July 30, 2020 @09:27PM
(#24004709)
Inflation certainly is a curious animal and the Wall Street bailouts and the recent record-setting currency printing has primarily inflated capital markets rather than raw goods necessarily. Consumer price index is perhaps more important to consider than the general macroeconomic inflation figure used. Modern Monetary Theory gets a few things right showing how printing money isn’t necessarily going to result in inflation and that taxes can be used to offset spiking demand.
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