Researcher at The Greshm Institute. I study the economics of #UniversalBasicIncome (UBI). website: https://xitter.cf/t.co/0LIv52W1uw discord: https://xitter.cf/t.co/QgWf1DWk2j
Stockbridge, MA
Joined October 2008
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I wrote a new paper describing Calibrated Basic Income, a macroeconomic policy in which an adjustable #UBI supports aggregate consumer spending.
Keeping the UBI adjustable is key to both preventing inflation and maximizing the benefit to consumers.
greshm.org/files/2025-04-01-…
Derek Van Gorder retweeted
Perry Mehrling understood money and banking like no one else.
He liked to write short books, not long ones. "People don't finish reading long books," he would say. He wanted readers to finish his books.
Perry wasn't done. Let's keep it going.
ineteconomics.org/perspectiv…
What problem does a #UBI actually solve?
UBI delivers money to people in a reliable, efficient way, saving us from having to generate makework. My colleague Philip Jackson explains in his new blog post:
greshm.org/blog/what-problem…
My colleague Phil Jackson at @GreshmInstitute recently gave this talk on the economics of UBI.
Automating away unpleasant work should be good for society, yet removing jobs from our economy seems to harm people. UBI resolves this apparent paradox.
youtube.com/watch?v=8a-nLm0s…
On UBI Economics we're discussing @AlexHowlettUBI's appearance on @ProfSteveKeen's youtube show earlier today:
youtube.com/watch?v=YRI1vwul…
Derek Van Gorder retweeted
I'll be appearing on Steve Keen's YouTube livestream this Saturday at 12pm EST to discuss Universal Basic Income. Here's the link to tune in.
youtube.com/live/7BCKXX3ZSXg…
Derek Van Gorder retweeted
Instead of the Fed lowering interest rates today, we could have had a Universal Basic Income.
Derek Van Gorder retweeted
"Universal Basic Income and Modern Monetary Theory" session from the BIG conference in San Francisco, July 23, 2024, posted by the Greshm Institute. I'm not in this one, but Michael Lewis discusses some of my ideas on this issue.
youtu.be/1d1i5fDsL2I
Derek Van Gorder retweeted
An efficient and productive economy always needs both UBI to fuel consumption, and wages to motivate labor.
As labor-saving technology improves, the necessary balance between UBI and wages shifts in UBI's favor.
Striking the right balance of UBI & wages doesn't cause inflation.
Derek Van Gorder retweeted
Labor-saving technology will advance faster if we expect to use it. Universal Basic Income helps us get the most out of labor-saving technology.
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Derek Van Gorder retweeted
UBI is a cash delivery method or system; it is often paired with novel taxes as part of a package deal, but the tax end is its own separate discussion.
Phil Jackson has a great take on a difference of opinion between @scottsantens and @elonmusk over Universal Income: should it be 'basic' or 'high'?
greshm.org/blog/universal-in…
"Technology affects the level of UBI we can afford, not the feasibility of UBI itself."
Great interview with @AlexHowlettUBI and @Econoboi about #CMT and #BasicIncome.
youtube.com/watch?v=9GnvkOeY…
Derek Van Gorder retweeted
If you've ever wondered what this whole #BasicIncome (UBI) thing is about, I just posted a revised version of my working paper, "The Natural Rate of Basic Income," which I presented at two conferences (BIEN and FRIBIS) in 2021.
greshm.org/files/natural-rat…
Derek Van Gorder retweeted
My paper on #BasicIncome and financial instability has been posted in the USBIG discussion paper series. Give it a read!
usbig.net/papers/basic-incom…
Derek Van Gorder retweeted
There are important problems that #BasicIncome doesn't solve. It "merely" solves the problem of how to get people their money.
Derek Van Gorder retweeted
I like to emphasize that #BasicIncome is a mechanism for getting people money (i.e. even distribution to everyone paid out regularly) rather than a particular amount.
We can then ask what the optimal level of #UBI is given no other changes in fiscal policy. Is it zero?
#BostonBasicIncome's last episode made for a good summary of the show, and a preview for what's next. I was honored to have a small part in this group's contribution to the study of #BasicIncome.
youtube.com/watch?v=r0tcYoPQ…
Interesting discussion with @pvpbrussels on Boston Basic Income today.
youtube.com/watch?v=GMJpQzMm…
Filming today at the #BasicIncomeMarch2021 in NYC. Hope to see you there! basicincomemarch.com
