Damus
satoshi jr · 2w
Wouldn't ubi not work in a deflationary environment. While inflation you could lie about eroding purchasing power easier? Deflation would mean there wouldn't be any way for governments to fund the ubi...
HoloKat profile picture
No. The opposite. Receipts are based on purchasing power. And purchasing power RISES in technological deflationary environment. Today it costs more and more to buy things. When prices fall to marginal cost of production and your money is not inflated, you are able to afford more.
satoshi jr · 2w
Receipts I assume you mean government taxes? That would be what funds ubi so in an deflationary currency they would have less sources of taxes to fund it. If on the other hand you mean the recipient of the ubi, then yes your purchasing power increases, so the need for ubi would be less to begin with...