Reminder: Programs like UBI do the opposite of inflation and provide adeflationarypressure. If you print money then yes there is inflation -- ButYang's plan doesn't call for printing money but instead a Value-Added Tax. Everyone pays in, but those who consume the most pay in the most. This tends to be the wealthier. The wealthier also spend their money slower than someone living paycheck to paycheck. Then everyone gets the same amount back: $1,000/mo. By increasing the purchasing power of the lower tier, you increase the velocity of money (how quickly the same dollar bill is spent). Each time the dollar exchanges hands economic activity is generated. The more often and quickly this happens, the more the economy grows. As the economy grows there are increased production efficiencies and more competition in the marketplace. This brings prices down. Since the total money supply didn't change, boom: deflation, not inflation.Yangisn't a politician. He has a degree in Economics from Brown and a Law Degree from Columbia. He knows this stuff, and he knows politicians from both sides aren't doing anything to help us, so he is.
