Blog
Unearned Income and the Velocity of Money
Two lesser known variables in the inflation equation Exhibit D of Wouldn’t Unconditional Basic Income Just Cause Massive Inflation? [https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7] Two lesser known economic concerns among those who know of them, are possible differences in how we perceive the value of money depending on how
Wouldn’t Unconditional Basic Income Just Cause Massive Inflation?
An answer to the response to the answer to the growing question of the 21st century By far, the most common concern in regards to my first article on Medium about the idea of an unconditional basic income [https://medium.com/working-life/why-should-we-support-the-idea-of-an-unconditional-basic-income-8a2680c73dd3] was that all prices would inevitably go
"What do we do about bad examples like this one?"
In response to the following news article: “The money is gone!” Teary mugshot drew $114K in donations, but prosecutors have taken back their deal [http://fox6now.com/2014/11/18/the-money-is-gone-teary-mugshot-drew-114k-in-donations-but-prosecutors-have-taken-back-their-deal/] This is actually a good example of why basic income should be basic and unconditional, and not that basic
Google Homes and WikiHouses
Disruptive ideas that can transform housing markets Exhibit C of Wouldn’t Unconditional Basic Income Just Cause Massive Inflation? [https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7] Being that many of us spend the greatest portion of our incomes in one place on rent and that they seem to just go up and
Evidence and More Evidence of the Effect on Inflation of Free Money
From Alaska to Kuwait and Beyond Exhibit A of Wouldn’t Unconditional Basic Income Just Cause Massive Inflation? [https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7] It’s not like we don’t have any evidence of what happens when a lot of money is given universally to a lot of people. Consider
Supply and Demand Variables
How not all basic income effects lead to rising prices Exhibit B of Wouldn’t Unconditional Basic Income Just Cause Massive Inflation? [https://medium.com/basic-income/wouldnt-unconditional-basic-income-just-cause-massive-inflation-fe71d69f15e7] To inform inflationary fears on a more academic basis, it’s important to understand the basic variability of supply and demand and how
The Federal Reserve Just Published a Paper Comparing UBI and UI
The Federal Reserve Bank of St. Louis just released a November 2014 report comparing universal basic income and unemployment insurance [http://research.stlouisfed.org/wp/more/2014-047/], to determine which is better under varying conditions. Before I go into their findings and how they arrived at their conclusion, here'
"Fit for Work and Fit to Die": A Memorial for the Means-Tested
It may sound like common sense to some, or even many, to expect someone to do work in exchange for benefits. But this force, as is true with any applied force, has its consequences - both intended and unintended. A fellow human being who has witnessed these results first hand
We Know How to Abolish Poverty. Why Don't We?
It's videos like this we need to share more with each other... Everyone should be earning more. Everyone isn't earning more because of globalization and technology mostly. We used to have things called middle class jobs. Those don't exist anymore like we think they
Basic Income and the Problem of Freeloading Freeriders
(Click here to also read my introduction to the perspective of basic income as basic resources) [http://www.scottsantens.com/shouldn-t-all-this-talk-about-money-actually-be-talk-about-resources] A common concern of the idea of basic income is the idea of freeriders lazily freeloading off the hard labor of others, contributing nothing in return. I'm