UBI
Bear-ish thoughts:
Hayek may have talked about the favorability of a "universal basic income" but only as compared to the current welfare system, i.e. if you are going to spend some amount of money on welfare, it's better to give the money directly to the recipients in order that they make their own economic choices rather than choices made for them by the government.
Hayek may have talked about the favorability of a "universal basic income" but only as compared to the current welfare system, i.e. if you are going to spend some amount of money on welfare, it's better to give the money directly to the recipients in order that they make their own economic choices rather than choices made for them by the government.
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