[bryanlarsen]

"A guaranteed minimum income will without question lead to higher prices on consumer goods"

Why? BI does not increase money supply, it takes from the rich and gives to the poor. An increase in the money supply is the only thing pretty much guaranteed to increase inflation.

BI will definitely have localized effects on prices. It may increase money velocity, which could cause inflation. However, that's not "without question", and almost definitely wouldn't "put us in the same position as before"

[AndrewUnmuted]

> An increase in the money supply is the only thing pretty much guaranteed to increase inflation.

An increase in the money supply _is_ inflation - the very definition of it.

> BI will definitely have localized effects on prices.

Yes, I said this in my OP. It will lead to increases in prices for consumer goods in particular, as opposed to other goods. If every consumer has $X,000 dollars to work with that they didn't have before, then demand for consumer goods is going to rise, leading to lower inventory and therefore, higher prices.

[bryanlarsen]

But without top-level inflation, there is going to be a definite cap on that effect.

And it's not every consumer that has $X,000 more. It's only the poor consumers. The middle class has their BI taxed back. And the poor are a very small portion of the economy.