>If you give everyone $1200 then everyone will just raise their prices by $1200. It's inflation bro. Learn economics.
How come this hasn't happened yet? The "experts" promised us this is what would happen if the government gave everyone free money. Is there any proof that UBI or raising the minimum wage actually contributes to inflation? All the corporations know that Americans have an extra $1200 in their pockets so why haven't they all just randomly raised their prices just cause they can!!!
>why haven't they all just randomly raised their prices just cause they can!!!
They have...
>The "experts" promised us this
If your experts are republicucks, then maybe you should stop watching a lot of Fox News or going on shit Zig Forums threads. The only people against UBI are generally more right leaning people with their religious view chanting "DATS SOCIALISM!!"
UBI has worked in soft-cases, which we call welfare. It's a targeted form of UBI. It helps lower class people get out of poverty or though times. Generally giving people money goes back into the economy and can help economical growth while making lower/middle class people happy. Only people who are against UBI are major bootlicking cucks.
>"experts
>implying the talking heads are any less clueless than your average american
When you have a central bank using MMT principles to make the rich richer and a government with a metaphorical gun to the heads of other nations in the form of the most powerful military in the world, you can print as much money as you want.
Of course there are consequences in the form of inflation, but for these reasons a real hyperinflationary crisis would hit other countries before it reached the US. But we can theoretically redistribute wealth however we see fit within reason, which is why UBI is plausible but it's not politically viable. Establishment Republicans would rather die than implement such a program. But who knows what could happen
those countries weren't filled with niggers were they? niggers are why we cant have nice things
It doesn’t necessarily help them get out of poverty though. Instead it often enables multigenerational gibs me dats. Look at the way we treat the Indians in Canada (feather not dot): they get a free ride and rather than using the opportunity to better themselves they become chronic alcoholics. Human nature is what it is
A temporary increase in a government transfer is NOT a permanent increase in consumer income. Companies know this, and because they build expectations about the future, they will not increase prices when there is a one-off change in consumer income. Plus, prices are sticky anyway.
Unironically learned this in college when I was 19. Stay in school.
>It's nigs fault!
>it's spics fault!
>it's ____ fault!
Maybe it's the voting demographics fault that doesn't want nice things?
>everyone will just raise their prices by $1200
My bus ticket still two bucks tho. OP BTFO
MIGAtards hate socialism until it’s their side handing out the trillions in bailouts and cash to niggers. Then it’s incredibly based.
some foods are more money now, hmmm
Wow! You mean retards on Zig Forums don't understand macroeconomics or the basics of MMT? Wow! You mean they're uneducated? Wow!
This user gets it. USD is fucking deflationary right now. Virtually every currency is getting devalued compared to the dollar. Just fucking check the graph of eur/usd or gbp/usd.
The only people who REEE about inflation are conservatards who don't understand the dynamic between US and rest of the world, petrodollar, etc and still continue to shill their retarded trickle down bull shit.
Finland had UBI test and already gave up this idea, leftard.
My landlord raised rent by exactly $1200 USD.
MMT is a sorry excuse for economics, but yes, there is huge deflationary pressure on virtually all currencies atm.
There's high demand for the dollar from abroad which increases its value. Printing more lowers its value. Cumulatively the value doesn't change. Basically foreign countries are paying for your UBI.
Literally no credible economists claim it would cause hyperinflation.
What the economists do pretty much unanimously agree on is that you WANT people to have money, and to spend it in the economy. It's generally well-accepted that when money does not circulate and get spent it is not a good thing.
The relation between a sizeable chunk of the world, including major oil producers, and the us is getting a bit teneous.
these effects are laggy. they don't happen immediately.
most social welfare doesn't actually cause these effects, though. for instance, minimum wage might only affect low income neighbourhoods, and even then prices wouldn't just rise by the minimum wage because minimum wage is not something that everyone in every family receives. additionally, it would likely not affect stuff like groceries much, only rent and such at best.
the thumb rule is that this effect becomes more significant when the welfare is more global.
everyone gets UBI, so it isn't that unlikely that these effects might actually occur with UBI, despite them not occuring with minimum wage.
i think people are right to be cautious with implementing it at a wide scale. in my opinion, if you're convinced that it won't cause issues, you have to introduce it at least gradually to make sure that the theoretical effects are not significant.
Studies have shown welfare does decrease poverty. Just because you/re a fucking brainlet devolved in Zig Forumstier memes doesn't change that reality. I could source you wiki links and links to academic sources but obviously you don't care for those because you want to spread an agenda, leafcuck.
>Look at the way we treat the Indians in Canada (feather not dot): they get a free ride and rather than using the opportunity to better themselves they become chronic alcoholics
And this one case you think is an example of removal of welfare entirely?
Even if I think your narrative on this (it probably isn't), do you think this one case is dismissal of entire welfare/ubi types of programs? Can you even link the casual link of that to welfare programs? Because I think you're bullshit and it has effected mostly positively throughout most of first world countries. If it didn't you'd be seeing a lot of right-wing media outlets going around spouting "facts and figures" against welfare programs.
I want the sources user, I want to learn.
trump supporters are literally the bourgeoisie marx wrote about.
It’s a time of uncertainty where people are spending less and also forced to spend less.
This thread is filled with consequentialists. It doesn't matter if UBI makes people's lives easier; the reality is that it's wrong to forcibly redistribute justly acquired wealth. You'd think this board of all boards would know this.
This is a dogshit social scientist user explanation.
The real answer of course is that inflation is a product of both the supply of money and it’s velocity. Think about it like a hose where the diameter can vary and also how fast the water flowing through the hose can vary. Prices in this sense could be thought of as how much water you can spray out of the hose in a given period of time.
So much fake knowledge being proliferated nowadays.
Trumptards and conservatives are the biggest retards on the planet. Richard Spencer is right
Welfare has only resulted in more welfare spending. That’s the only reliable causation. The biggest glaring issue about UBI is moreso that elections will just be based on increasing gibs. Welfare in early America used to be that opportunity was abundant.
>It doesn't matter if something works. What matters is if it's morally right or wrong!
They are retards.
doesn't matter so long as petrodollar exists.
petrodollar will exist so long as US military exists.
gg
wow great analogy user do you have any more of these
shut the fuck up, tard. taxes will exist forever.
it's not just an analogy you retard it's the literal equation that defines inflation.
fucking christ
>muh niggers
most people on welfare are white children
>mom we should somehow care about some poor degenerates give themfree money or they die. mom look at the poverty graph
user accused me of being a social scientist, so i might as well go through with it!
luckily none of you are model theorists, so you can sleep well without realizing that your kind confuses theories and models on a daily basis.
if a society can spend its way to "wealth" why doesn't it just do that?
checkmate newfags
You poorfags realize most people didn't get the $1200 right? Its was only given to poor people. If you make average wage you didn't get it. And $1200 one time is really not a lot of money. Ok, its 1/2 a mortgage payment for one month. The average income was $127k in 2019. The $1200 would be less than 1% for the average person. Its only really meaningful if you're poor and need to make rent. Its like welfare or foodstamps its not actually a lot of money.