We issue it to ourselves, more or less like CirclesUBI is doing it in Berlin.
They're just letting it be inflationary and setting the payout to increase over time to adjust for inflation. So maybe you get $5 per week this year and $8 per week next year... This can be balanced so that it amounts to a more or less constant purchasing power.
Personally I prefer the demurrage approach where account balances just have a decay rate--that way you've got a better shot at $5 written down today having the same meaning to people who read it next year, but the economics are the same (more on the theory here: http://en.trm.creationmonetaire.info/ ).
It's gotta be decoupled from the government so that, as discussed in my model, it can act as a safety net while you're ridding yourself of wasteful bureaucracy. It doesn't really work if the bureaucrat you're deposing can threaten to take away your UBI.
They're just letting it be inflationary and setting the payout to increase over time to adjust for inflation. So maybe you get $5 per week this year and $8 per week next year... This can be balanced so that it amounts to a more or less constant purchasing power.
Personally I prefer the demurrage approach where account balances just have a decay rate--that way you've got a better shot at $5 written down today having the same meaning to people who read it next year, but the economics are the same (more on the theory here: http://en.trm.creationmonetaire.info/ ).
It's gotta be decoupled from the government so that, as discussed in my model, it can act as a safety net while you're ridding yourself of wasteful bureaucracy. It doesn't really work if the bureaucrat you're deposing can threaten to take away your UBI.