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Citi Bank’s chief economist pushes for basic income

Willem Buiter, chief economist at Citigroup Inc, a multinational investment banking corporation, has written in support of a basic income guarantee as a way to assist workers who are “left behind by technological advances”.

Buiter recently reaffirmed this position at Citi’s annual summit, held in November in London, where he participated in a panel about global political risks.

Buiter is also a prominent advocate of the so called ‘helicopter money‘ idea whereby central banks would distribue a social dividend to all citizens.

Read more [in Swedish]:

Charlotta Buxton, “Toppekonom: Statlig inkomst lösning på populism,” SvD Näringsliv (November 21, 2016).

Reviewed by Genevieve Shanahan 

Photo: Willem Buiter speaks to unnamed people at LSE event, CC BY-NC-ND-2.0 UK in Spain

Kate McFarland

About Kate McFarland

Kate McFarland has written 500 articles.

I was a statistician, then a philosopher, then a journalist for a certain Basic Income News, and I have never been the sort to wed myself to any specific position or career path. I will be leaving basic income news reporting soon too, but you can follow me on Facebook and Patreon, where I like to post about my favorite topics: the deliberate rejection of full-time jobs and lifelong careers.

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The views expressed in this Op-Ed piece are solely those of the author and do not necessarily represent the view of Basic Income News or BIEN. BIEN and Basic Income News do not endorse any particular policy, but Basic Income News welcomes discussion from all points of view in its Op-Ed section.

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