UBI: A Bad Idea? Michael W. Howard According to Daron Acemoglu, universal basic income (UBI) is “a flawed idea, not least because it would be prohibitively expensive unless accompanied by deep cuts to the rest of the safety net.” A UBI of $1000 a month would be, he says, about $4 trillion. But that’s the […]
By: Michael Anthony Lewis (Associate Professor of Social Work, CUNY) Jonathan Church is an economist who’s recently taken Alexandria Ocasio-Cortez (AOC) to task here for her misunderstanding of economics. What she apparently misunderstands is the notion of scarcity. Church doesn’t mention basic income in his piece, but he could have. That’s because some have advocated […]