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- Title
Basic Income and Sovereign Money. The Alternative to Economic Crisis and Austerity Policy.
- Authors
Delsen, Lei
- Abstract
Geoff Crocker builds his arguments on the UK economy by a number of simple historical data graphs, showing labour income lagging behind consumer expenditure, and a widening gap between consumer disposable income and output GDP. Crocker argues against (new) wealth, land or pollution tax and in favour of debt-free sovereign money for funding basic income. Quantitative Easing (QE) failed to increase UK GDP, but raised bond and share prices and hence increased wealth inequality.
- Subjects
AUSTERITY; FINANCIAL crises; BASIC income; CONSUMPTION (Economics); REAL wages; MONETARY unions; INCOME; ECONOMIC policy; ECONOMIC research
- Publication
Basic Income Studies, 2023, Vol 18, Issue 1, p137
- ISSN
2194-6094
- Publication type
Article
- DOI
10.1515/bis-2022-0020