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Sunday, October 11, 2020

South Korea’s Universal Basic Income Experiment to Boost the Economy | WSJ

 https://youtu.be/EbWv_1NbWyw


microeconomic effect: money is fungible. with s.korea's program: spend money at acquiring gold/silver or btc and sell back or save the money for more liquid available cash. macroeconomic best policy: lets start colonizing other planets to boost employment opportunities. UBI should not have local spend only stipulations. The world will need to get used to a lower employment fraction of the population (about 30%-40%) instead of the current 60% it is now (at least here in the United States.)

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