Aynur Bashirova – January 2013

Lars Christensen, in his article published in the Market Monitarist, presents Milton Friedman’s idea of “negative income tax” in light of the arguments about BI brought forward by his friend Matt Zwolinski. Friedman had monetarist and liberal society ideas and one of his suggestions that attracted the author was the suggestion of negative income tax. His friend Zwolinski believes that BI needs to be directly distributed to poor as money check without conditions because there is a higher chance that the marginalized groups of society had ancestors that suffered from social injustices and they need to be compensated for that. Throughout the article, Christensen argues that he agrees with the general idea of BI, as proposed by Friedman and Zwolinski, but at the same time, he does not believe in the change of the monetary system in order to redistribute the income and neither thinks that it is as easy to do as it is presented.

Lars Christensen. “There is a Pragmatic (but not a Libertarian) Case for a ‘Basic Income Guarantee’”. The Market Monetarist, 8 December 2013.