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by itsoktocry 839 days ago
>You are attributing to federal fiscal policy what was caused by supply chain dysfunction, housing inventory shortages, and corporate profits.

Would you be shocked to learn the inflation had a number of causes, including the vast COVID stimulus? I mean, your quote above attributes 60%, and that supply chain issues resolving "contributed" to inflation easing.

I'm for UBI if we can figure out how to implement it. We've experimented with it here in Canada. But handing people money has inflationary consequences, it's not rocket science. Otherwise, generic extreme argument: give everyone a billion and we all win.

1 comments

Not shocked if its true, asking you to validate the assertion with data. I brought citations, I will wait for yours.

> Otherwise, generic extreme argument: give everyone a billion and we all win.

No reasonable person takes this argument seriously. The discussion is "will providing for everyone's basic needs through UBI cause inflation?"

>asking you to validate the assertion with data. I brought citations, I will wait for yours.

Try any economics textbook, and common sense. I couldn't care less what you believe. This stuff has been written about for 100 years, currency is susceptible to the laws of supply and demand like any other commodity; over supply affects prices.

>No reasonable person takes this argument seriously.

Oh, really? What's the right amount we should give to people then? Please bring data.

You sound like the MMT folks, who endlessly told us printing money didn't matter. Until it did. Then "real MMT has never been tried!"