What does the world look like under different assumptions? US social security pensions are forever, and available even to non-citizens who work over 10-years in the US. Budgetary deficit expansion is the headline again this week.
Even my own ( corrupt banana republic gulag jail type ) country of Malaysia is realising that the federal retirement savings systems designed in 1951 has failed in its mission of guaranteeing mass economic security. And we are forced to consider UBI as a potential solution among many forks in the road.
What if the future is just loads, and loads, of perpetual monetary debasement? You would have to rescale all your rulers of what PEs are normal.
I'm sure professionals do this somewhere in their libraries of models. As an amateur macroeconomist, I just find it amusing to contemplate.
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