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IPFS News Link • Social Security

National Basic Income: A Bad Idea on the Rise

• thedailybell.com

Finland is considering giving every citizen €800 a month. Proposals for a national basic income are intended to simplify the social security system and encourage more unemployed people to take on temporary work. – ZeroHedge Dominant Social Theme: Let's turn central banks into a force for good by printing money for everyone. Free-Market Analysis: Long ago, we identified the idea that central banks could print money for everyone as perhaps the single most pernicious myth of our modern era because it gave the masses a further stake in a ruinous system. Central banking provides the beating heart of regulatory democracy. If you don't like what Western democracy has become with its serial wars, corrupted science and increased societal degeneracy and malfeasance, then you won't appreciate the imposition of national basic income that will inevitably garner more support for a system that is going to die one way or another.


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