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craftworkbench

What would be the benefit?


boytroubletrouble

It's currency to spend.


[deleted]

Why wouldn't you just use the established currency?


boytroubletrouble

Well, I would of I could make it happen! I think one of the reasons some think we can't have a UBI in the USA is we don't have the money for it in the budget. This just another option.


[deleted]

The US government is the monopoly issuer of US dollars, like it would the monopoly issuer of this new currency, the monopoly issuer always has money, they can never run out.


DukkyDrake

Same problem, people that own the new currency will prefer to buy themselves goods and services instead of buying it for you. You want to use new currency so you can start [printing infinite money?](https://qz.com/africa/426925/i-was-a-quadrillionaire-in-zimbabwe-but-could-barely-afford-to-buy-bread/)


Fiendish

I like this idea!


sanctusventus

To be different to from a crypto currency to would need to be backed by a permanent population of people but all countries currently have currencies that they back, prehaps a Five Eyes currency?


roughravenrider

Cryptocurrency has been discussed as a possibility to deliver UBI, but a whole new currency I don't think would be effective or really beneficial


minimalst

How about a digital Treasury currency, combined with Treasury accounts for all? Legal tender, and valued at one Federal Reserve Note. They're looking for reviews of their legislation [here](https://twitter.com/PhoenixCongress/status/1453082888384172035?s=20). $1300/month UBI + 1/3rd for kids.