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A comment on Universal Basic Income Has Been Tried over and over Again. It Works Every Time. Parent comment

Re:Universal Basic Income Has Been Tried over and over Again... by jstummbillig on Friday February 16, 2024 @01:57PM (#39401424)
We are actually, right now, "printing money" out of thin air. The process is called "fractional reserve banking" and is a cornerstone of modern economics systems. You can of course read up on it, but, suffice to say, if we did not do it, financial systems would be extremely unergonomic.

Hyperinflation is one of the things that could happen, when you do it badly, I suppose, but there is a lot of ways to get hyperinflation, if you do things badly.

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Re:Universal Basic Income Has Been Tried over and over Again... by psunavy03 on Friday February 16, 2024 @03:50PM (#39402775)
Thank you for insulting my intelligence by assuming I don't understand fractional reserve banking. My point remains. A government does not have carte blanche to inject money into an economy without hyperinflation beyond a certain point.
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Re:Universal Basic Income Has Been Tried over and over Again... by jstummbillig on Saturday February 17, 2024 @06:37AM (#39408550)
If you were a little more honest and a little less into making a point of being offended, you would probably find it fairly easy to concede that the statements you made in both comments are substantially different.
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