Re:Germany begins 3-year universal-basic-income trial
by missedthecue on Wednesday August 19, 2020 @06:02PM
(#24217245)
The economy is not some ethereal beast that we must tame into doing our bidding. It is the way we measure production, consumption, and trade by humans. It cannot "serve" anyone. It is you and me and everyone else behaving in rational self interest.
Assuming we could obtain reliable proof that UBI reduces productivity and/or increases inflation, that doesn't necessarily imply that it's an undesirable policy. The economy exists to serve humanity, not to maximize productivity or minimize inflation. It's certainly possible that a policy could provide an overall benefit to humanity while simultaneously reducing economic productivity and/or increasing inflation by some amount.