Should a Universal Basic Income Be Adjusted for Local Prices?
Lyman Stone

I don’t know that a UBI or something like it would generate value creation, at least not directly. I think the reason we would want a UBI is to promote social stability. I think we might be heading into a period of instability as automation replaces workers.

In my cynical moments, I think “Bread and Circuses”, but it could be much more than that.

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