(no title)
blitmap | 5 years ago
We could give people money, or we could say "up to so many kilowatt/hours this is free" or "you are entitled to this set-amount of groceries for free". Or to combat prices that inflate for UBI, the government could be reporting what is a reasonable price.
Man I wish I had taken economics. I truly don't know all the ways this could harm us.
jimbokun|5 years ago
The point of the article, is that centralized planners are really bad at calculating these things, thus the eventual collapse of the Soviet Union and China moving to a much more market based economy.