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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 =
Complicated subject but distribution matters. Giving it all to the banks (through deposit) would put capital to work to earn a return. Very different distribution than UBI and impact on prices. UBI would be as if everyone in NYC got a $12K raise. Only delta would be price imo.
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