This is a great piece. Jake, I wonder if someone who attempts to live on UBI without earning any additional income would more or less be a parasite on the economy, receiving the short-term gains of inflation at the expense of productive actors in the economy.

If anything, the additional inflation that results from UBI would disincentivize saving ones FRNs for a rainy day. This is all the more reason why I think crypto is the way of the future.