Wider Arguments for Basic Income and Sovereign Money

Abstract

Wider arguments for basic income include social justice, effectiveness in reaching groups in need, administrative cost-efficiency, human flourishing in lifestyle choice, and environmental responsibility by breaking the link between well-being, employment, output, resource depletion and pollution. Wider reasons for sovereign money include reduced financialisation of the economy, return of the benefits of seigniorage to the community, and reduced dependence on interest rate as the sole tool of economic policy.