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That’s not it. Yang will fund it through a new value added tax (which will be hard to get rid of once installed). So no money supply change. But if landlords know each tenant has an extra $1K, rents rise. Same restaurants, uber, every product until people stop coming.
Until a competing landlord, restaurant, taxi service etc. realizes they can cut prices to win market share and a new equilibrium price is reached based on supply and demand. What I'm saying is that it can't work like so way without collusion amongst suppliers.
I’m afraid I disagree. Look at prices in high income towns like NYC versus low income towns. With UBI everybody has an extra $1k. In our free market, prices are bid until clear w highest bidder. Not going to change demand or supply.
Let's look at two situations: UBI vs. Giving an equivalent amount of money to a single person. Prices will certainly rise in the former case more than the latter, in the short run. However UBI vs. giving the money to banks in the long run or even a single person should be =
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