Is Universal Basic Income Affordable? | Attic Philosophy

What are the economics of Universal Basic Income? How is money created, and how does public spending work? Is Universal Basic Income affordable? I'll answer all these questions!

00:00 - Intro
00:23 - Recap
00:46 - Overview
01:45 - How NOT to debate affordability
04:55 - How does government spending work?
05:53 - How is money created?
08:45 - How government spending works
09:44 - Balancing the books?
10:33 - Quantitative Easing (QE)
12:24 - Why not create loads more money?
12:50 - How inflation works
16:48 - The politics of spending
19:52 - Wrap up

This is part 4 of a series on the economics and philosophy of Universal Basic Income:

Part 1: what is Universal Basic Income, and how would it work? https://youtu.be/GPde577flO0
Part 2: what are the arguments for Universal Basic Income? https://youtu.be/JZ80jH1yFHg
Part 3: what are the arguments against Universal Basic Income? https://youtu.be/EYH3bRMzrPs
Part 4: can we afford Universal Basic Income? [this video]

Sources:

Basic Income and How We Can Make It Happen, by Guy Standing, Penguin Books
The Production of Money: How to Break the Power of the Banks, by Ann Pettifor, Verso
The Joy of Tax, by Richard Murphy, Penguin Books

Links:

My academic philosophy page: http://markjago.net

Many of my academic publications are available freely here: https://philpapers.org/s/Mark%20Jago

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#universalbasicincome #economics #philosophy

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