ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Universal Basic Cash

A critique of the notion of universal basic income is presented, using a basic microeconomic model. While the monetary authority can implement the golden rule of consumption for its citizens, the consequences for work, saving and investment are ambiguous, and the price level is indeterminate.



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Updated On : 23rd Jul, 2019

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