Why Legendary Economists Liked Universal Basic Income

The idea wasn’t invented by today’s big-government left. It has intrigued thinkers from John Stuart Mill to Milton Friedman.

Nobel Prize-winning economist Milton Friedman. Photo: George Rose/Getty Images

By Stephen Mihm

Is socialism on the march in the U.S., as President Donald Trump warned in the State of the Union address this month? Hardly…

This story is just a click away.

Sign up for a free Medium account to read this story from Bloomberg View. Plus, get one more story in your member preview this month.

Already have an account? Sign in

Join Medium to read this story.

Sign up with a free account to read this ad-free selection curated from Bloomberg Opinion.
Already have an account? Sign in