Blog on The Greshm Institute

Imagine an economy where robots, AI, and advanced machines do much of the work that used to require human labor.

I recently co-authored an essay arguing that a Universal Basic Income (UBI) might attain the goals of Guaranteed Income advocates better than a targeted Guaranteed Income would.

In his final book, Where Do We Go From Here: Chaos or Community?

Ask ten different people what problem Universal Basic Income solves, and you’ll get ten different answers.

Imagine for a moment that we paused all economic growth.

Earlier this week, I attended The BIG Conference, where OpenResearch presented results by Vivalt et al. from their three-year study of people who received unconditional money.

I wanted to respond to an article recently posted by Scott Santens because he’s highlighted something I see as a major problem in basic income discourse.

Ellis Winningham recently wrote a ten-part blog series examining Universal Basic Income (UBI) through the lens of Modern Monetary Theory (MMT).

There’s no doubt that the economic carnage that has rocked the world in the last week or so was triggered by a contraction in economic activity associated with Covid-19 and the efforts to contain it.

If you follow technology, you could be forgiven for believing that humanity is standing on the precipice of a robot apocalypse.

People move to a new country if they expect their lives to improve.

Money is a claim on goods and services in the same way that airline tickets are claims on seats.

Basic income is commonly described as an amount of money that’s sufficient to ensure some pre-determined minimum standard of living.

Does humanity need to exist?

When people ask me about whether basic income addresses inequality, I tend to punt on the question.

Basic income gives consumers money to spend.

As I’ve previously mentioned, basic income proponents fundamentally understand that our economy has the resources to do better for humanity.

I explained last month that tax revenue is meaningless.

Many of us are dismayed by the injustice we see in the world.

After having read my last post, a friend mentioned that basic income’s purpose had never before been clearly articulated to him.

Basic income is simple.

My first post mentioned that the most remarkable thing about basic income is that it’s actually possible for us to hand out money to people.

Let’s conduct a thought experiment.

This post was revised on Apr 9, 2019 Hi!