A $1,000 per month cash handout would grow the U.S economy by $2.5 trillion, new study says

[DonFerrari]

Teeqoz said:

DonFerrari said:

Yes I do, but seeing you imply that government rulling being part of it because it was voted doesn't make much of sense.

No, you have a much too constrained view of the concept. Everything you do for your own economic interest is a part of the "invisible hand" effect - including voting in favour of a proposal for UBI, because you aren't getting by with your normal income. The idea behind "the invisible hand" is the positive effects on society that arise from people acting selfishly. And that includes voting for politicians and referendums because the result affects your economy ;)

Although the idea of basing your economy on an idea formed 250 years ago even though much later research has shown that it doesn't quite hold true the way Adam Smith thought it did doesn't seem too bright to begin with.

I would say Hayek, Mises and the like have revalidate most of Adams proposition.

And that we also know that the other side of the coin that have the government interfering have show much more damage caused.