When money is given freely in unlimited supplies inflation is going to result. If that money is tied to a gold standard inflation can be prevented, but then the governments would not be able to eliminate their debts by harnessing inflation.
Some method will need to be found in the future that improves the basic fairness of economic systems, but it is not clear that just giving out cash freely will work the way that is expected. I view inflation as the means of taking resources away from those that have amassed them in the past to redistribute them to the less fortunate. This is a cruel form of taxation which spawns the tax evasion organizations. As you would expect, the very well off will find some way to gain the upper hand while those of moderate means will loose out to inflation. Is that desired? There are many difficult issues needing to be resolved and I am not confident that one simple solution, such as that suggested by the Swiss, will work. Dave
