On Mon, Oct 21, 2013 at 10:39 AM, Randy wuller <[email protected]> wrote:
> And by the way just print it, don't tax for it. Inflation only occurs if > money chases a limited supply. > I agree, but the phrase "printnit" has come to mean when governments incur debt by borrowing money from central banks, but what you probably mean is "mint it", or the creation of legal tender without a corresponding amount debt. Instead of being a cash transfer, basic income would work like a decentralized mint, where individuals would be ascribed the power of limited legal tender creation. harry
