[star0zero]

I'm a complete armchair economist and realize that a lot of really smart people are tackling this, but, in my limited understanding of supply and demand, my concern would be that a new floor for basic goods and services would materialize due to the new buying power of those on Basic Income. Doesn't that artificially inflate the base price of those goods and services without ever having a natural (market-based) opportunity to decrease? I'm interested in any literature that might address this basic principal, because I suspect it may be more complicated than I am imagining. This is sort of tangential (from a healthcare perspective), but I'm also interested in any research from a historical perspective pertaining to adjusted price history as health insurance became more popular / commonplace within society (probably, in particular, American society as I'm sure it has been allowed to flourish for much longer here). Any help in pointing me in the right direction would be most appreciated.

[danielweber]

There wouldn't be a problem delivering goods, because companies would still compete to deliver those goods using price signals.

The problem is that a lot of goods delivered to the poor are delivered by low-skill workers, and since demand curves slope there will be significant inflation here, along with a lot of things undone.

[maerF0x0]

IMO the spike in demand will cause shortrun inflation, then suppliers will scale up production/competition in response. IDK if 5 years is enough time to see this all through. Depends on what they end up demanding most of. Food seems to be in good supply so minimal inflation there. Housing is tight in bay area so likely to see inflation there.

[antisthenes]

You won't see measurable inflation from such a small scale program.