April 9, 2018

Macro Musings 101: Ioana Marinescu on Universal Basic Income

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a new podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Ioana Marinescu is an assistant professor of economics at the University of Pennsylvania and a faculty research fellow at the National Bureau of Economic Research. Today she joins the show to highlight her work on the concept of a Universal Basic Income (UBI). David and Ioana discuss how a UBI would work and how it compares and contrasts with Milton Friedman’s related negative income tax proposal. They also discuss the economic and social effects of a UBI, some experimental evidence of the policy, and the political feasibility of such a program.