I will never understand how Yang has gotten this far without anyone asking him if he’s ever heard of inflation.
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Replying to @baddestmamajama
I’m sure the economics grad hasn’t thought of that. You’ve foiled him! Obviously, you proved UBI can’t work!
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Replying to @redsonia
Show me his plan to combat the resulting inflation, then
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Replying to @baddestmamajama @redsonia
I dunno, quantitative easing was supposed to cause inflation—a $4.5 trillion expansion of the money supply—and it didn’t at all. In theory we should have raging inflation right now with low interest rates, low unemployment and massive deficit spending, but we just don’t.
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Yeah this is an argument against UBI but IMO it's not a great argument It applies to wage increases too, after all
12:52 AM - 8 Feb 2020
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