I was once talking with one of my classmates and he said that in the future, there will be universal basic income implemented by entire world. I was not convinced at that time and thought he is just being stupid but given the layoffs happening and massive amount of unemployment, I am thinking about this possibility. What do you say?
No UBI proponent has given me a convincing argument that inflation greedy bastards won't eventually increase prices to the extent that the extra money would be effectively wiped out.
Really? Cuz all the serious discussions about UBI I have seen one of the first things they address is ways to prevent product makers and sellers just jacking up their prices.