Michael Munger on the Basic Income Guarantee

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4.7 • 4.4K Ratings

🗓️ 16 January 2017

⏱️ 64 minutes

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Summary

Michael Munger of Duke University talks with EconTalk host Russ Roberts about the virtues and negatives of a basic guaranteed income--giving every American adult an annual amount of money to guarantee a subsistence level of well-being. How would such a plan work? How would it interact with current anti-poverty programs? How would it affect recipients and taxpayers? Munger attacks these issues and more in a lively conversation with Roberts.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:09.3	I'm your host, Russ Roberts, of Stanford University's Hoover Institution.
0:13.8	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:18.9	links and other information related to today's conversation.
0:21.7	You'll also find our archives where you can listen to every episode we've ever done going
0:26.1	back to 2006.
0:28.3	Our email address is mailadycontalk.org.
0:30.8	We'd love to hear from you.
0:34.5	Today is December 16th, 2016, and my guest is Mike Munger of Duke University.
0:39.4	I want to remind listeners to go to econtalk.org.
0:42.4	And in the upper left hand corner, please click on the link for the survey to let us know
0:46.6	your favorite episodes of 2016 and give us some other feedback.
0:51.1	Thank you so much.
0:52.6	Mike, welcome back.
0:54.2	Always a pleasure, Russ.
0:55.6	Our topic for today is big.
0:57.8	Basic income guarantee, what is it and how it will work?
1:01.8	The basic income guarantee is a substitute for all other welfare programs.
1:08.8	And the one argument for it is that there's really two arguments for it and three arguments
1:14.6	against.
1:15.6	We'll probably get into it.
1:16.7	But the two arguments for are this is a kind of social insurance and in an uncertain,
	...

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