Universal Basic Income Is Easier Than It Looks

A universal basic income is a monthly payment to all adults with no strings attached, similar to Social Security. The pros and cons of a universal basic income are hotly debated and have been discussed elsewhere. For individuals, one way to do it fairly across the board would be with a universal basic income. Why a universal basic income need not be inflationaryIn a 2018 book called The Road to Debt Bondage: How Banks Create Unpayable Debt, political economist Derryl Hermanutz proposes a central-bank-issued basic income of $1,000 per month, credited directly to people’s bank accounts. Hermanutz estimates that roughly half of a basic income payout could be extinguished in this way through mandatory and voluntary loan repayments.