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