Increasing the supply of something decreases its demand, and therefore diminishes its value. If you are stranded in the desert, water is worth quite a bit, but if you are in a modern metropolis, you literally dump it on your front lawn because its value has diminished by means of increased accessibility.
The same goes for money, in 1930, you could buy a candy bar for a nickel, because people had fewer nickels, but if you give money away, you are litterally devaluing it not as a market externality, but by a direct action.
If I am a landlord, and I make $1,000 a month on my property, but a new law passes that gives everyone $1k/month, I'm not going to raise my rent, the market will. There will be people willing to pay $1,300 for the same property, not because it is worth more, but because money is worth less.
Hes not increasing the money supply he's allocating existing funds to the people.. the gov did this for the banks during they're big bailout and literally no inflation happened.. you think it'll happen if the money went to us ?
Michael Bailey
UBI doesn't increase money supply
Christopher Perry
stop looking into it and blindly support fallacy-centered commun-i mean capitalism goy
If only the retarded gibsniggers understood what you’re saying, but alas, they won’t get it.
Cameron Parker
Yes, because the banks weren’t going to raise rates in themselves. However, if every biz, bank, etc. knows you all now have an extra $1k to spend, there will be wide inflation, even Yang acknowledges this will happen. Are you ignoring your own guy’s writings where he says this is quite likely?
Adam Kelly
We have the most diverse consumer market in the world, how is it possible that EVERY business agrees to raise prices lmao all it takes is one business to keep they're price down.. please show me where he admits UBI will cause inflation..
Alexander Wright
I miss Jow Forums back in 2012-2014. This type of shit wouldn't run on there. I'm sure most of the original Jow Forumsacks still post here, but the shill groups we get these days range in the tens of thousands just because they're that afraid of us.
Owen Miller
>If I am a landlord, and I make $1,000 a month on my property, but a new law passes that gives everyone $1k/month, I'm not going to raise my rent, the market will. Fuckin REFUTED. Next.
Inflation isnt caused by monetary supply it is caused by lack of production.
Monetary supply just dictates resource allocation.
So if we get 1000 dollars a month and we produce 1000 dollars a month more of goods and services in echange for that money the deflationary presure or increased production will offset the inflationary preassure of more monetary supply.
This is easily doable since the majority of our production goes felatiating the ultra wealthy.
Bentley Nguyen
>there are people here who are so dense that they think the health of the fucking Jewconomy factors into the political decision making of people who have no economic stake in society I really can't understand the stupidity of this. Neither can I understand how anyone can't grasp how some people WANT hyperinflation because of its destructive social implications. Stop taking retard pills and just lurk for a while you cretin.
Jacob Kelly
Yeah totally man, I miss those totally true and not at all made up days where we'd argue incessantly about how important it was to ensure kikes get richer.
Robert Carter
The days of reagonomic piss down divide and conquer economics are done
Youre never going to convince a 50% brown population they are the problem and use that to extort the white working class and convince them to vote against their economic interests
Only a moron like Donald J Trump would even try and only an idiot would buy it. Fuck off back to boomerville.
Josiah Ramirez
>t. guy who doesn't know anything about the money supply. The gold standard was pushed by the banking class to keep money valuble to the chagrin of debtors. Why would they pursue a policy of monetary restriction if the only force affecting inflation was the rate of production? You haven't even explained where that extra production is coming from, or how that will translate wages-wise, since wages have been decoupled from productivity for a decades.
the author of the article is absolutely out of his element. he fails to understand the difference between the rise of AI, which makes human inputs irrelevant, and the previous advances in technology that made the industrial revolution possible up until this point
Joseph Thomas
The point was to highlight the fallacy that UBI would cause hyper inflation.
That is not necessarily the case.
Daniel Jones
UBI does not increase the money supply and does not cause inflation. Prices will rise due to price gougers, which wont work because you have to have the entire market colluding against the consumers.
if rent were to increase (which it wont) its still a huge win for americans. 1k a month is like a 50% raise.
Isaiah Clark
Retailers are already competing against Walmart and Amazon and they're not going to stay in business by price gouging.
Bentley Adams
The prices on goods will go up if he taxes businesses, you fucking dumb idiot. And in order to compensate for that, you're either going to have to work for more money or beg the government to print more money, which will only accelerate the inflation.
Levi Wilson
man, you are stuck on basic economics books, you gotta read advanced economics to understand ubi
Daniel Garcia
Lmao so basically to compensate for me getting $12,000 companies are going to raise prices, so to compensate for that the government will have to bail us out instead of the banks !? SIGN ME UP #YANGGANG2020
Camden Sanders
>UBI will not make anything better.
it will for some, like those who are married for example. they will both get this monthly "neetbux". the ones who will not really benefit are the ones who receive neetbux already, they wont get a penny from this and the ones living off that $1000 will still have a shitty existence. In that case, it won't make anything. If you work and are barely saving money, this thousand dollars will help, granted in exchange for higher prices on goods. People who save will always end up getting ahead, people just don't have that option right now.
Zachary Ross
>UBI will not make anything better. This. I used to think, "well atleast itll make them shut the fuck up and realize they just make bad mistakes". I now know that they'll just demand more, and more and more. They won't stop until they're in control of it and set it all on fire, and then blame us.
