Inflation is caused by an increase in the money supply. In a vacuum, UBI increas... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		stale2002 on May 31, 2016 \| parent \| context \| favorite \| on: Moving Forward on Basic Income Inflation is caused by an increase in the money supply. In a vacuum, UBI increases inflation by giving people more money. You can counteract this inflation by doing the opposite. AKA, by taking that money away from someone else. AKA, by increasing taxes.

orlandob on June 1, 2016 [–]

Inflation occurs if new money chases same goods. But if new goods are created, its new money for new goods, an expansion of the economy.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact