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RE: Oatmeal – #freewrite No. 11, Day 822
Very clever! I've read quite a bit about UBI but I still don't get how flooding the economy with money wouldn't cause huge inflation, leaving you back on a porridge diet.
Yang's UBI would not increase the supply of money in the market, but redistribute the money already in circulation. So the value of the dollar should be unaffected.
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Redistribution à la Robinhood...rob from the rich and give to the poor? Hmm, I'll have to do a little reading.