@Jdogg247 Ha! So much for your super-welfare UBI scheme, and so much for your sad little yang gang haha! Good, let that madness die.
He deserves praise for Human Action, thus laying out clearly why an economic system without a free market is doomed to fail, but I don't see what bearing that has on the issue of a negative income tax or UBI.
Friedman was a fan because it helped provide relief to poor people without killing the incentive to work. As an alternative to our current welfare state it certainly seems like the better option. Where does the idea that he isn't the single most important economist play into that?
@Galena @Jdogg247 Right? I mean ... who would work? Everyone would just go live in cheap apartments and smoke weed all day. Until demand for cheap rentals upped the price of rentals... then its homeless people smoking weed instead.