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by tw8f969ae5b6f4
2016 days ago
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> so saying anything is unworkable because the rich can partially game it is defeatism Thankfully I wasn't saying that. I was disagreeing with your claim that "[inflation] hurts you in direct proportion to how well off you are", arguing instead that: 1. inflation benefits those earlier in the flow of new money, and 2. at present, that new money enters the economy via banks, etc. > If we use UBI to inflate the currency... Indeed, this depends on #1 above: change how new money enters and propagates through the economy and you change the wealth transfer effects. |
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