UBI, or universal basic income, is a form of direct cash assistance to help the most vulnerable get back on their feet. A new study in Denver suggests it works.
To be fair, this isn’t that far away from the economic theory underlying using interest rates to manage inflation - it’s just phrased in a different way.
That’s the problem with fractional reserve banking it’s making up money for those who lend theirs. It’s about extracting value from those who work for those who accumulate. It’s not a tbf, it’s a this is also an issue in every area of our society.
To be fair, this isn’t that far away from the economic theory underlying using interest rates to manage inflation - it’s just phrased in a different way.
That’s the problem with fractional reserve banking it’s making up money for those who lend theirs. It’s about extracting value from those who work for those who accumulate. It’s not a tbf, it’s a this is also an issue in every area of our society.
Ok we can all clearly see there’s a problem, what action should we take to effectively solve it?
There’s the fight club method but good people generally avoid being terrorists…