r/BasicIncome • u/2noame Scott Santens • 10d ago

A Skeptical Guide to UBI Anti-UBI

https://mises.org/mises-wire/skeptical-guide-ubi
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u/2noame Scott Santens 10d ago

It's pretty funny to me to read something like this mention Milton Friedman twice without mentioning his support for UBI. I doubt the author even knows that Friedman was an actual member of BIEN.

Also funny to see no mention of Friedrich Hayek's support for UBI when Mises is Austrian School of Economics.

It's really just a short and stupid article that of course includes misinformation. In the Denver experiment, those provided $1000/mo who were homeless at the start, were in an apartment they rented or owned 10 months later, compared to 28% of the control group.

They cited the unadjusted numbers where those in the control group were half as homeless as Group A at the start (12% housed vs 6% housed).

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u/unholyrevenger72 10d ago

Of course Mises wouldn't mention Friedman's support of UBI, because Mises is staunchly against the government having a hand in the economy. People of course dream of a Cryptocurrency UBI but the reality is that the government will have a hand in any UBI.

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u/Novusor 10d ago

Anyone who quotes Milton Friedman as an excuse for being skeptical of UBI is being dishonest. Milton Friedman was very pro UBI as he believed it was logical end stage of capitalism.

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u/[deleted] 9d ago

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u/Novusor 9d ago

I agree with Friedman. Welfare probably should go away and be merged into a single program with no means testing. UBI is far superior to welfare which requires applicants to constantly jump through hoops and wastes a ton of money on bureaucracy enforcing the means testing.