While creating money doesn’t automatically create inflation a UBI would create the conditions that would be inflationary. It would do nothing to increase productivity while injecting massive amounts of money into the system. It is just a hook to take advantage of the general econ ignorance of the population by offering the appearance of free money. It is cruel in that it would likely harm those who most need the benefit first with the effort to pay for it.

How long do you think Republicans would wait before using the UBI benefit as a way of ending Social Security payments entirely? It does the opposite of what it claims by forcing many beneficiaries of the current safety nets back into the job market out of necessity. Its endorsers have evidently never tried to live on $12k per year.

The first thing we need to do in establishing a fair economy is to get over the “payfor” obsession that Congress uses to duck its mandate to create currency “for the general welfare” with false gold standard logic. As long as spending is directed to existing resources and labor it is not inflationary, as production will always be increased to its potential maximum prior to raising prices in a competitive economy.

The national debt is nothing more than an accounting entity of Treasury informing it of the total money created by Congress that is still in the economy and as a method of canceling any revenue in the government sector to comply with accounting practices. It is not something taxpayers are, or can be, on the hook for and any government official, elected or appointed, who promotes that lie should be fired, including a President. Our economy is currently currency starved and too reliant on private bank debt, but sending Bezos a monthly check isn’t the way to fix it.