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RE: Will universal basic income give too much power to whomever distributes it?
I don't think ANY government money will lack strings. To believe otherwise is ridiculous. I understand that Hayek believed a minimum guaranteed income was a good idea, but would he believe it now? Would he believe a megastate could do it well and actually enhance freedom with it? I highly doubt that.
What strings come with Social Security right now? What strings come with the Alaska dividend for all residents of Alaska?
And do you honestly think Hayek only thought what he did because he wasn't alive in 2017? Do you apply that same logic to everyone in our past who is no longer alive?
I agree with you, that is why I go a step further and has started up a movement for a money-free society.
Having to rely on the government to distribute UBI is such a bad idea. Statism is at the core of all our ills.
Hayek would certainly refute what he said he was alive today, but he too wouldnt have any real monetary solution. The global debt (short term debt) is 3 x the global GDP as we speak, how much is the world indebtment if considering the long term debt... 5 or 6 times? They amount to 100 trillion for the US alone. No kidding.
They obviously don't consider the costs do they
They read Hayek and THAT is the part they remember? How about the Fatal Conceit????