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RE: The Blockchain and UBI: Now Everyone Can Share In Abundance: It Truly Is The Path Out Of Slavery
It's not a simple calculation of saying "more currency = inflation". There's a number of factors that go into inflation, and they need to be acknowledged before making any predictions. One important thing to take note of is "technological deflation". That is, technology is making products cheaper and cheaper. So we actually need a certain level of inflation to counteract that.
Didn't Milton Friedman say inflation was always a monetary phenomena? It seems a ubi would only be a major cause of inflation if the government printed it. If it is paid for via taxes, or somehow voluntarily it should not cause much inflation it seems. As long as the there is a concurrent proportional increase in utility with an increase in money supply there should be no inflation.