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Scott Santens

Unconditional Basic Income Would Fix a Major Flaw in Markets

Markets can't tell the difference between a lack of demand and a lack of ability to express demand

Do you like markets? Well, whether you like them or not, they're pretty effective in most cases. The ability for two people to make an exchange where both feel they leave the exchange better off than prior to the exchange is a powerful thing. It's a form of democracy. By exchanging money for goods and services, people in markets are . . .

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July 13, 2018

If you think basic income is "free money" or socialism, think again

basic income is not left or right

First, saying basic income is socialism is as absurd as saying money is socialism. It's money. It's all it is. What do people do with money? They use it in markets. In other words, basic income is fuel for markets. Markets are a wonderful invention that serve to calculate via a massively distributed computer comprised of . . .

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August 31, 2017

Basic Income and Soylent

Vouchers prevent choices. UBI creates choices.

Many of you reading this already know this, but for those who don't, I have a crowdfunded basic income. This means that I start every month with $1,000 as my absolute minimum for the month no matter what. I'm free to then earn any amount on top of that $1,000, but I never earn less than that in any given month. That's a basic . . .

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March 08, 2017

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