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Inflation

Inflation is the rise in price level of a nation's currency, which corresponds to a decrease in purchasing power.
An open letter signed by 133 economists urged that Biden's expanded Child Tax Credit of $300 per month would benefit low-income families without raising inflation. In developed Mexican cities, cash transfers caused negligible increases in prices, while equivalently-valued in-kind transfers caused a 4% fall in prices. A universal basic income could cause inflation by reducing the labor units required to earn the dollar. A tax-funded, $1k/month UBI is modeled to raise prices by 0.56% over baseline after eight years. Most economists do not share the hypothetical concern that a UBI would cause high inflation Since implementing the APF - Alaska's quasi universal basic income - Alaska has experienced no spike in inflation, and notably, had lower inflation than the rest of the United States.
The Costs of Being Poor: Inflation Inequality Universal Basic Income and the City Universal Basic Income and Inflation: Reviewing Theory and Evidence Modeling the Macroeconomic Effects of a Universal Basic Income Land Taxes and Housing Prices Stanford Basic Income Lab: Visualizing UBI Research
Xavier Jaravel Sophie Collyer Christopher Wimer Stijn Van Nieuwerburgh Jack Favilukis Khalil Esmkhani Joshua Miller Gennaro Zezza
Basic Income Land Value Tax
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