Inflation would show up across the board. It's a metric of the relative value of the common currency. How would UBI increase inflation if it only affects the distribution of money and not the overall monetary supply? - ThreadSky

stevewithaq.bsky.social • 390 days ago

Inflation would show up across the board. It's a metric of the relative value of the common currency.
How would UBI increase inflation if it only affects the distribution of money and not the overall monetary supply?

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yolup.bsky.social•390 days ago

UBI affects the speed of the cash flow, more going in and more going out of individuals accounts. This seems to me like it may contribute to inflation in an area. Please link the source report. I want to read it.

amff.bsky.social•390 days ago

I despair

Its not UBI, its a basic income guarantee of just $500/month.

If you really feel the need to push others down for fear that their $500 makes things slightly worse for yourself, there is something wholly wrong with your thinking.

22% taking on extra training should be the headline.

yolup.bsky.social•390 days ago

I'm not... What? I said I wanted to read the whole report because I don't understand something about it and you are complaining that I'm trying to put people down. Calm down. Thank you for the correction though, I didn't notice the subtleties here, and they are important.

yolup.bsky.social•390 days ago

And forgive me for thinking it's UBI when the OP calls it "basic income" which to me means the same thing.

amff.bsky.social•390 days ago

Sorry for the way that was worded I didnt mean to cause offence, I dont sound polite irl either, so honestly no offence was intended.

UBI is inevitable and its dismissal is damning. 22% extra training should be a huge talking point but itll be brushed off again because sample is small.

amff.bsky.social•390 days ago

But theres no demand for a larger scale trial, because the average joe is too busy trying to scratch a living to bother with understanding a system that wont be implemented because those accumulating wealth exponentially do so because theyre evading the current failed system.

Its catch22.

stevewithaq.bsky.social•390 days ago

Where are you getting this idea that cash flow rather than cash supply drives inflation?
It's so out of the pale that I can't find any economic sources that even discuss it.

yolup.bsky.social•390 days ago

Just intuition, I never claimed I was an expert, I'm just saying that's what makes sense to me. If you want to tell me how exactly inflation works that would be cool, but until then I still don't have a working link to the original report. So I can't read it.

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