Spain Announces Guaranteed Free Money: What’s Really Going On?

by Mike ‘Mish’ Shedlock
Mish Talk

Spain is about to implement Universal Basic Income. But’s let’s put the correct label on what’s happening.

Universal Basic Income

Please note Spanish Government Aims to Roll Out Basic Income

The Spanish government is working to roll out a universal basic income as soon as possible, as part of a battery of actions aimed at countering the impact of the coronavirus pandemic, according to Economy Minister Nadia Calvino.

Social Security Minister Jose Luis Escriva is coordinating the project and plans to put some sort of basic income “in place as soon as possible,” with the main focus on assisting families, Calvino, who also serves as deputy prime minister, said in an interview Sunday night with Spanish broadcaster La Sexta.

Continue Reading at…