Researcher at The Greshm Institute. I study the economics of #UniversalBasicIncome (UBI). website: https://nitter.cf/t.co/0LIv52W1uw discord: https://nitter.cf/t.co/QgWf1DWk2j
Stockbridge, MA
Joined October 2008
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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…
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.
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?
Derek Van Gorder retweeted
Once you've decided that you want to distribute money to consumers, #BasicIncome is an efficient way to do it. #UBI is a way of getting people money, not a particular amount.
Universal basic income; how much, how to fund it? @KarlWiderquist @JamieACooke @AlexHowlettUBI @uniyorkpolitics @DigitalWorkRob @michaelbaxter_ #ubi techopian.com/universal-basi…
Derek Van Gorder retweeted
Hey everyone! I am speaking at Basic Income Earth Network (BIEN) Congress this Thursday to present my latest paper, "The Natural Rate of Basic Income." Come check it out!
whova.com/embedded/speaker/b…
Derek Van Gorder retweeted
The Project Greshm website has a new resources page with links to useful #BasicIncome and #CMT-related content by @AlexHowlettUBI and @derekvg.
greshm.org/resources/
Derek Van Gorder retweeted
Tomorrow at 7pm EDT, #BostonBasicIncome discusses Chapter 4 of @StephanieKelton's Deficit Myth. To what extent do government deficits crowd out private investment? Where do interest rates fit into the picture?
See description for Facebook/Zoom info.
youtu.be/kIPIyI8bli4
Derek Van Gorder retweeted
Basic Income Community! @derekvg (Derek Van Gorder) is premiering his weekly live show on Basic Income this Friday at 7pm EST. Join the conversation!
Check out the trailer below.
youtube.com/watch?v=Mj1CBSdt…
Derek Van Gorder retweeted
3/6 If the fiscal authority changes what they're doing with respect to taxing and spending, then that automatically changes the natural level of UBI for the economy. It is the responsibility of UBI calibration to make the appropriate adjustment.
Derek Van Gorder retweeted
1/6 If we take the non-UBI fiscal policy position as given and we want a monetary policy position that's compatible with a stable financial sector, then there's only one level of UBI that's even possible.
There are no discretionary decisions made in changing the level of UBI.
Derek Van Gorder retweeted
Tomorrow at 7pm EST, #BostonBasicIncome will explore the thinking of @jdcmedlock and his perspective on social democracy and "tax positivity."
See description for Facebook/Zoom info.
youtu.be/8DLE5DqJZfE
Derek Van Gorder retweeted
Question for @AndrewYang:
Has the "Boston Basic Income" channel, run by @AlexHowlettUBI escaped your notice?
The channel is up to 140+ episodes, and looks at UBI from pretty much every angle. It's awesome.
Yang Gangers should know about it.