Guaranteed Income as Quantitative Easing

[Tom Joad]

Here's an interesting article on the subject of a guaranteed minimum income.

https://www.theguardian.com/commenti...l-basic-income

Why do poor people make so many bad decisions? It’s a harsh question, but look at the data: poor people borrow more, save less, smoke more, exercise less, drink more and eat less healthily. Why?

Margaret Thatcher once called poverty a “personality defect”. Though not many would go quite so far, the view that there’s something wrong with poor people is not exceptional. To be honest, it was how I thought for a long time. It was only a few years ago that I discovered that everything I thought I knew about poverty was wrong.