If you don't feel like clicking the link, I'm developing a USD-backed basic income system that does the equivalent of deficit spending to fund a basic income.
If you think that sounds crazy, then most people agree with you.
If you're interested in going deep on this stuff, I highly recommend this MOOC:
https://www.coursera.org/learn/money-banking
He doesn't talk about basic income, but this class really helped me understand the nature of money and economic policy.
If you're curious about more about the economics of a deficit-funded basic income, I'm working on a paper about that. Here's the abstract:
https://drive.google.com/file/d/0B9KDLUTAOkduOXdNQWl3REw4eWc...
Feel free to email me if you're interested in reading the full paper. It's over 50 pages long, but it's not very mathy and should (hopefully) be accessible to non-economists.