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UBI works too
(lemmy.world)
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this post was submitted on 05 Oct 2023
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We literally just witnessed this with COVID shutdown. Im not sure why you think people getting handed money will not increase pricing as that is usually how things work.
Not to poopoo your point too much but inflation only happened after covid because a recent war gave justification for greedflation. You can't really argue money is losing value when CEOs are raking in record profits during an economic downturn.
It happened because a large number of people had a pool of unspent money, some/much of which was the stimulus packages, who were competing for similar goods such as housing.