Comment on Modern Monetary Theory: Musk Edition
Bonsoir@lemmy.ca 12 hours agoWell, the text says “you could actually get deflation because there will be so much abundance produced”. There is some reality where this is true, as increasing the monetary mass would do nothing if the economy (the amount of goods and services produces) also increases. But I wouldn’t bet on an universal basic income increasing the global production.
unmagical@lemmy.ml 11 hours ago
The printing money wouldn’t be enough. You’d also have to legislate what people are mor allowed to do after the money printing begins (like rent hikes equal to the average household size * the ubi check).
Bonsoir@lemmy.ca 9 hours ago
Which you already have to do, because there already is inflation. I don’t see how a UBI would change anything if the inflation stays the same.