RE: Universal basic income and true economic stimulus.
Certainly, I don't think a gold standard would work. Cryptos are the future.
Sure, the rich don't have to work, but they do, but not all of them. You often hear stories about bored rich kids getting into all kinds of trouble.
I don't understand what you mean by creating a minimum entry point.
I believe the system is too far corrupt, so, until it falls, nothing we do will make it better. UBI or otherwise. The tree is rotten and must fall.
I don't think money supply needs to grow constantly. In a true Free Market, the value of money would change to accommodate the need. Especially with cryptos, where you can go to 18 decimals places.
In a true Free Market without government intervention, prices would come down naturally as businesses, in order to compete with each other, would get better and more efficient at producing better/cheaper products. Especially after the initial startup and manufacturing costs are paid for.
US manufacturing has been exported to cheaper labor countries -- the costs of labor in the US are prohibitive and created by government regulation. In a truly free market, the best companies would compete for the best workers, and salaries would reflect that.
Production is rewarded, and lack of production penalized.
Certainly, automation will always be better at the menial tasks. Same thing happened in the Industrial revolution. And many jobs were eliminated, and you needed more education to get anywhere in the world. That's evolution.
I believe you get what you put your attention on, and if you reward people for not producing, you're going to find people stop trying, and the brightest minds will find other countries where their talents are rewarded.
UBI follows the model of Keynes. So far it's been a mess. What are the odds it'll be any different?
There already are examples of government paying for everything... in the US... in Venezuela.
The most successful people find a need and fill it. And that creates wealth for them.
Also the UBI math doesn't make any sense.
The government, through taxes, steals (at gunpoint) from those who produce and gives it to those who do not produce.
They also print money out of thin air and inflate the currency. Current real inflation is closer to 10% per year (and my food budget can attest to that). Another way they steal purchasing power from our dollars.
And now, they will print helicopter money, and give it to "the little people," and that will somehow magically not go like all preceding attempts to print too much money?
History doesn't look well for UBI. Maybe I'm wrong, but I really don't see the math.