Opportunity Cost and MMT
Debunking Economics - the podcast
I'm a Fan of Universal Basic Income
I just see this as the weakness in the whole MMT is how that decision-making process works. It's mainly the feeling you're not in jeopardy if you believe your private sector job or you lose it. I'm more of a fan of UBI on that front. But isn't that what we're going through right now? Isn't that why we got rampant inflation? Because there's not enough people out there producing stuff, but there's people who've got money to spend. Yeah. We want to reduce output levels drastically. We don't want people starving because they don't have work to do.
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