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.

Bloomberg Opinion
Feb 22 · 5 min read
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…

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