Reply to post: Re: Inflation

Universal basic income is a great idea, which is also why it won't happen

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Re: Inflation

if everyone gets X amount, it'll cause costs of stuff (food, fuel, gas, electric, telecoms, transport, loans, mortgages etc) to increase as people will have more money to pay.

That belies a basic misunderstanding of economics. In short, you have assumed monopolies (or price-fixing cartels) on all those things, and no competition. Unless, for instance, all food producers decide to increase their prices in unison, the producer that puts their prices up by 10% loses business to all those who do not.

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