The US experimented with UBI when the government sent out relief checks after COVID.
This caused massive inflation.
How would UBI not cause inflation?
@VulcanMan6 7mos7MO
Inflation is caused by the direct decisions of private business owners reacting for their own personal profit, it is not the result of poor people having money to survive. Inflation is the result of private interests controlling our economic decisions, not by the minimal alleviation for the poor. If you want to prevent inflation, while still guaranteeing provisions for the poor and desperate, then simple address those who are actually responsible: private capital-owners.
@AwedRobinLibertarian7mos7MO
Do UBI laws regulate how much business owners can charge for their products?
@VulcanMan6 7mos7MO
I imagine that it depends on the UBI model that is used, but I would argue that a good model would include price/rent caps, at the minimum. Ultimately, it is the private economic ownership itself that is the root problem, so regulations are merely a bare-minimum alleviation, but not a long-term solution.
