(January 21, 2015 at 10:00 am)Nope Wrote: Would inflation increase if the government pumped money into the economy through giving people money?It would, yes. If there is more money to spend (whether created from thin air or redistributed via taxation) then more goods will be purchased and supply will decrease and prices will increase. The best outcome in this scenario would be that with increased demand there would be a need to increase supply, which would mean more businesses, more jobs, and more and more people earning a living instead of living off of the basic income.
"Well, evolution is a theory. It is also a fact. And facts and theories are different things, not rungs in a hierarchy of increasing certainty. Facts are the world's data. Theories are structures of ideas that explain and interpret facts. Facts don't go away when scientists debate rival theories to explain them. Einstein's theory of gravitation replaced Newton's in this century, but apples didn't suspend themselves in midair, pending the outcome. And humans evolved from ape- like ancestors whether they did so by Darwin's proposed mechanism or by some other yet to be discovered."
-Stephen Jay Gould
-Stephen Jay Gould
