Today universal basic income (UBI) is supported not only by the political left but by some libertarians too. They think that UBI would be a more efficient way to elevate people from poverty than current social programs. It also argued that UBI could help people create their businesses by reducing the risk of having to deal with consequences of bad luck. But do any of such arguments have any basis?
Lithuanian Free Market Institute offers a deep dive into the questions surrounding UBI in this podcast series. In this episode, Eamonn Butler, economist, author, founder and director of Adam Smith institute, and Augminas Petronis, go beyond the usual clichés to discuss various questions related to UBI and its economic impact.
