BBI #155: Financial Instability

Basic income is a simple solution to a simple problem: how to provide money to consumers. Every large-scale economy must provide consumers with money. In the absence of basic income, we use less reliable and less efficient mechanisms for this purpose.

Instead of basic income, today’s governments attempt to provide consumers money through expansionary monetary policy that stimulates the financial sector and keeps people employed. To what extent does this arrangement cause an unstable expansion of private credit that leaves the economy unnecessarily susceptible to financial crises?

Alex will be presenting a paper and giving a talk on the subject at the NABIG Congress on June 18th. Today's discussion is a bit of a preview.

https://basicincome.org/news/2021/03/the-2021-nabig-congress-17th-to-19th-june/

Previous related Boston Basic Income topics have included:

BBI #88: Recessions
https://youtu.be/uc_nbNz2mYI

BBI #131 Fiscal vs Monetary Policy: Basic Income vs Job Guarantee
https://anchor.fm/bostonbasicincome/episodes/131--Fiscal-vs-Monetary-Policy-enn0kq

BBI #141: Functional Money
https://youtu.be/TiCQ5H4LBg0

By default, audience cameras and microphones will remain disabled. To ask a question, type it in the Zoom chat.

If you'd like to ask your question aloud, also click the "Raise Hand" button on the "Participants" tab. The hosts will unmute you when it's your turn.

The discussion will be streamed live at this URL:
https://www.youtube.com/bostonbasicincome/live

It will also be available in podcast form in the following days:
https://anchor.fm/bostonbasicincome

Image by Gerd Altmann from Pixabay
(https://pixabay.com/illustrations/dollar-course-dollar-exchange-rate-544956/)