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0 sats \ 5 replies \ @Undisciplined 9h \ on: Marshall Islands launches world’s first UBI scheme offering cryptocurrency econ
What cryptocurrency is it, though? It's obvious the author is pretty clueless.
I approve of this as a means of distributing those funds to the populace, but it's going to cause either even higher prices or shortages, particularly of the goods and services ordinary people use.
Is an UBI in essence the same as a stimmy check, but paid out continuously rather than occasionally? From an econ point of view, the second order effects would be the same? Or are there arguments to be made for an UBI that cannot be made for a one-time government subsidy?
EDIT: don't know which cryptocurrency, the cynic in me thinks it's likely just a point-card linked to a government database.
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Expectations matter a lot for behavior so the biggest difference between UBI and a stimulus check is its regularity and predictability
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You'd expect people to save more of a one-time stimmy, right?
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Prices may increase but that also means increased supply (and hopefully domestic production) of the goods and services that people want is likely to occur.
Marshall Islands has been utterly devastated by US nuclear tests so good to see them get some even small recompense for the absolutely criminal environmental destruction USA delivered to their islands.
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Yeah, skimming the Wikipedia page, it looks pretty bad.
Made me wonder where other nuclear nations carried out their tests. I found China does it in the Uygur land Lop Nur and Russia used amongst others Semipalatinsk in Kazakhstan.
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