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A UBI experiment with confounding variables: lockdown, schools closed, travel and tourism restricted, parts of the economy shutting down, job losses, women out of the workforce to take care of children, health care sector under stress, 734 thousand people dead etc.

If you can correlate UBI with labor shortage and high inflation from that data - then perhaps you were predisposed to that conclusion.

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> A UBI experiment with confounding variables: lockdown, schools closed, travel and tourism restricted, parts of the economy shutting down, job losses, women out of the workforce to take care of children, health care sector under stress, 734 thousand people dead etc.

Also, and more critical to its problems as a UBI experiment, without any UBI, just a bunch of conditional, mostly means-tested or not-working-tested, aid.

Lots of things have happened, but some are unrelated, and many have ceased. Extended unemployment benefits ceased last month. The expansion of the money supply remains. We’ll see if these problems resolve once the Fed tightens and asset prices crater (and replaced with a different set of problems, I imagine!).

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