Hosted by Alex Howlett and Derek Van Gorder, Boston Basic Income is a weekly discussion that explores different topics as they relate to basic income (UBI). Basic income is a regular income unconditionally paid to every individual person. BBI is co-sponsored by the US Basic Income Guarantee Network (https://usbig.net) (USBIG) and Project Greshm (https://www.greshm.org).
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Human Rights Capstone -Bri Gomez
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To what extent is it possible to implement basic income independently from the government? What challenges and constraints might face such a system? Conrad Shaw joins us to discuss these questions as well as a new app he's working on called Comingle that hopes to achieve a privately-implemented basic income. Conrad has been a UBI researcher since 2…
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What is money? What is *modern* money? In what ways is state-issued fiat money different from a commodity-based money? What is the relationship between money and the state? To what extent can a state have "sovereign" control over its currency? What is the relationship between money and taxes? We will explore these and other questions as they relate…
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Central banks conventionally use various tools to try to stabilize the average prices of consumer goods. The Fed, in particular, attempts to keep price inflation at about 2% per year. Reliably low and stable inflation allows markets to set prices in dollar terms without having to worry about changes in the general purchasing power of the dollar. No…
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How does basic income interact with the various programs that make up the welfare system? To what extent does basic income solve some of the same problems that the welfare programs are designed to solve? What does an effective welfare system and/or social safety net look like in a world with basic income? When does it make sense to adapt existing i…
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In 2018, Oren Cass wrote a book called "The Once and Future Worker" in which he argues for creating labor market conditions that give everyone the opportunity to contribute to society as productive workers. This position is based on an assumption that he calls "The Working Hypothesis": "[A] labor market in which workers can support strong families …
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To kick off 2021, we discuss basic income's effect on the agency of individual people to live their lives how they choose. We've previously talked about how basic income gives people the power to say no. Consenting power is the power to say yes. When society is structured such that people have no choice but to work a job, to what extent is this ana…
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We often discuss the extent to which the economy needs labor to produce its output. But to what extent do people need to work jobs in order to live meaningful and fulfilling lives? Is it a coincidence that people happen to have a "need" to do the very thing that society expects of them? To what extent do cultural and economic incentives shape human…
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131 — Fiscal vs Monetary Policy
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Fiscal policy is what we call government spending and taxation. Monetary policy is what we call it when the central bank participates in financial markets to influence private-sector lending and borrowing. So, where does our money come from? Does it come from the government (fiscal authority) or is it the central bank (monetary authority) that crea…
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Basic income adds new money to the economy for consumers to spend. And that money has to have somewhere to go. The first place it goes is toward the purchase of goods and services, but where will it end up? Two of the most common answers are savings and taxes. Even without basic income, the government is always adding new money to the economy. Wher…
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Henry Ford famously insisted on paying his workers enough money to be able to buy the very cars they were producing. But to what extent does that make sense? When is it useful to think of workers and consumers as the same people? Does basic income create a disconnect between these two roles? Is that a problem? We have two optional readings this wee…
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At the turn of the 20th century, many of the world's currencies were pegged to gold. Gold was an international monetary standard. And then it wasn't. What happened? Was there something special about gold that led us to choose it as our standard money? Did something happen that caused gold to stop being special? Under what conditions is gold a usefu…
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What is the appropriate amount of basic income for a society? How do we figure it out? Under what conditions would it make sense to set the amount of the payout at a level that's high enough to cover people's basic needs? When is it appropriate for the amount to be lower than this subsistence level? What about higher? To what extent is it useful to…
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Neoliberalism is often portrayed as an enemy of the left. But self-proclaimed neoliberals might tell you that their goal is to harness the power of markets for the good of humanity. That doesn't sound so bad. Yet neoliberal ideology is often associated with a failure to promote human well-being. Could it be that something is missing in the neoliber…
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We often discuss how basic income might affect people's willigness or desire to work. That's the labor supply. Labor demand is the extent to which employers want to hire people in the first place. What does it mean for there to be "insufficient labor demand"? And how does basic income change things? On the one hand, basic income gives people money …
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For our long-term survival and prosperity, we need to be careful about how we manage our resources. How does basic income fit into a plan for resource conservation? How can it help? How might it hurt? This week's session includes seven featured guests to discuss these questions. Kate McFarland is the associate director of the Center for Ethics and …
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Featured guests Robert Hockett and Aaron James join us to discuss their new book, "Money From Nothing.." https://www.penguinrandomhouse.com/books/647222/money-from-nothing-by-aaron-james/ In the book, Hockett and James argue that the Fed can take a greater role in managing our economy's money for the benefit of the people. We'll talk to them about …
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To what extent is it useful to frame basic income as a moral issue? Righteous-sounding rhetoric can be a powerful persuasive device, but does it help for basic income experts to think about the issue in moral terms? This week's session brings in five featured guests to discuss these questions. Bethany Burum is a social psychologist and lecturer and…
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Our society is becoming increasingly indebted. This is creating financial instability and slowing down our economy. Some people suggest that the solution is to have periodic "debt jubilees" in which the debts of private individuals are completely forgiven. This process can quickly become complicated. What about the people who are depending on cash …
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Especially when it comes to our personal finances, we have a culture of shame and secrecy surrounding money. Why is money so hard to talk about? Is it a bad thing? Is this "money shame" a problem for society or is it useful in some way? Is it both? Today, people go to great lengths to hide their poverty *and* to hide their wealth. How would basic i…
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119 — Basic Income's Prospects
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It's International Basic Income Week 2020 and we're living in the future. But how close are we to making basic income a reality? How far have we come and how far do we still have to go? Does the world even agree on how to think about, or talk about basic income? What will it take to get basic income supporters and skeptics on the same page? To help…
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Why does our society have a safety net of welfare programs and government assistance? What conditions have made these things necessary? Is it normal for the economy to leave some people behind in such a way that they need a safety net? Does it make sense to think of basic income as part of the safety net, or as something else entirely? For optional…
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The cash in your wallet constitutes money that's issued directly by the government. We think of bank deposits as money too, but the deposits in your bank account are merely promises to pay you government-issued money. Some critics of our current financial system argue that our economy would benefit from directly allowing the government to issue mor…
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Some basic income skeptics worry that it will cause people to stop working. Meanwhile, some basic income proponents say that the power to say no to a job is is a feature, not a bug. To what extent does basic income cause people to leave the labor market? Why does it matter? This week's session brings in seven featured guests to discuss these questi…
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Hosted by Alex Howlett, Boston Basic Income is a weekly basic income discussion group. We've been streaming live on YouTube since May of 2018 and starting in August of 2020, you'll be able to listen to new sessions through your favorite podcast app. https://www.youtube.com/bostonbasicincome To join our live, online discussions, see our Facebook and…
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UBI: Humanizing Universal Basic Income in Stockton, California
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Human Rights Capstone - Stanford University Class of 2019
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