“Don't sleep on these first results from the world's largest universal basic income experiment ever.
1. Entrepreneurship skyrocketed thanks to the UBI functioning as both startup capital and spending power for people to be customers at those businesses.
2. NO INFLATION!”
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when I first saw this, I thought it might be about the Covid relief funding. We did have some inflation, but the relief funds seemed to have had a similar effect.
@SpinozasHeresy @davidaugust @scottsantens
The inability to spend $ on services and travel drove spending into a limited set of goods whose availability was restricted by supply chain issues and that drove inflation, it wasn't the size of the relief itself.
Corporations in consolidated sectors made inflation worse by artificially increasing prices more than required to cover wholesale inflation generating a ton of excess profits.