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Famous economist Milton Friedman, known as being a right-leaning Libertarian, was a supporter for universal basic income, reports BigThink.com.

  • Universal basic income (or UBI) has been discussed for more than 200 years but has grown much more popular in the modern age, having supporters on both the left and the right.
  • Friedman lived in the 20th century and worked at the University of Chicago. He is known for endorsing regulation of the economy by “controlling the size of the money supply rather than through fiscal policy.” He also said that when poverty is alleviated it benefits everyone, not just the poor.
  • Friedman believed that having multiple agencies (food stamps, housing assistance, etc) was wasteful and would be less costly and more efficient as one entity -- an entity that dispersed UBI.

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