Universal Basic Income (UBI)

From: Michael Edelstein

Sent: Saturday, October 10, 2020 3:11 PM

To: Bob Wenzel ; Walter E. Block <wblock@loyno.edu>

Subject: MMT Question


What is the standard MMT response to: “Give everyone a UBI of $100,000?”


Dear Michael:

I think the MMT response would be, fine; create enough money to do that.

Here are my views on the UBI:

Iglesias, David and Walter E. Block. 2019. “Universal Basic Income: A Critique.” Romanian Economic and Business Review; Fall, Vol. 14, No. 3, pp. 7-18; http://www.rebe.rau.ro/REBE-FA19.pdf

Best regards,



4:43 am on March 22, 2021

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