Is Global Basic Income Possible?
There’s been a theory flying around the financial and economic world that may affect all of our futures and careers if practiced. It is called the Helicopter Money Theory, and it goes something like this; there’s a little town with a steadily growing population, and while the local money press keeps printing money, there are not enough notes to finance the town’s population’s demands. As the growing population requires more consumer goods (that manufacturers continue producing) the population is eventually starved of financing their habits. Rising inflation due to continued demand eventually prevents the people from spending money.
This ultimately results in manufacturers losing profit and raising prices to cover costs. The town is incapable […]