&quot;A guaranteed minimum income will without question lead to higher prices on consumer goods&quot;<p>Why?  BI does not increase money supply, it takes from the rich and gives to the poor.  An increase in the money supply is the only thing pretty much guaranteed to increase inflation.<p>BI will definitely have localized effects on prices.   It may increase money velocity, which could cause inflation.   However, that&#x27;s not &quot;without question&quot;, and almost definitely wouldn&#x27;t &quot;put us in the same position as before&quot;