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Alex Howlett

@alexhowlett

Basic Income — Money View People need money, not jobs.

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Latest posts by Alex Howlett @alexhowlett

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Money View Reading Group - YSI INET The Money View Reading Group reads and discusses writings on money, banking, and finance. We are a self-directed group. Anyone interested in money and banking can read the readings, join […]

The Money View Reading Group is starting George Pantelopoulos's "Between Payments and Credit: An Introduction to the IOU Economy." Our first session is this coming Tuesday, March 10th, at 2pm EDT.

ysi.ineteconomics.org/event/money-...

Come join!

08.03.2026 05:01 👍 0 🔁 0 💬 0 📌 0
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Alex Howlett S5E43

I recently joined Julian Vigo on her Savage Minds podcast to discuss UBI and jobs (and MMT).

savageminds.substack.com/p/alex-howlett

25.02.2026 20:38 👍 0 🔁 0 💬 0 📌 0
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UnAutomating the Economy: More Labor but at What Cost? Imagine an economy where robots, AI, and advanced machines do much of the work that used to require human labor. Not a dystopian or utopian future of full automation—just one where most goods and serv...

New blog post from my colleague Derek Van Gorder!

"Overemployment may already be the problem we should be worrying about—not joblessness."

www.greshm.org/blog/unautom...

07.02.2026 09:00 👍 0 🔁 0 💬 0 📌 0
Beyond the Artist Subsidy: Universal Basic Income as a Radical Shift in How People Receive Their Money – Feasta

I wrote a guest blog post for the Feasta blog.

"People need money. They don’t need to be exploited. And we certainly don’t need to pretend to exploit people as an excuse to hand them money."

www.feasta.org/2026/01/30/b...

02.02.2026 08:06 👍 2 🔁 0 💬 0 📌 1
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Money View Reading Group - YSI INET The Money View Reading Group reads and discusses writings on money, banking, and finance. We are a self-directed group. Anyone interested in money and banking can read the readings, join […]

The Money View Reading Group is starting Joseph Schumpeter's "Treatise on Money." Our first session is next Monday, January 12th, at 2pm EST.

ysi.ineteconomics.org/event/money-...

Come join!

07.01.2026 05:50 👍 1 🔁 0 💬 0 📌 0

In my new working paper, "Keynesianism's Labor Problem," I argue that thinking of people as workers leads us to get economic theory wrong.

This is a revised version of what I presented at the BIEN Congress in Brazil

www.greshm.org/files/2025-1...

14.12.2025 02:50 👍 0 🔁 0 💬 1 📌 0
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Money View Reading Group - YSI INET The Money View Reading Group reads and discusses writings on money, banking, and finance. We are a self-directed group. Anyone interested in money and banking can read the readings, join […]

The Money View Reading Group is starting a new book! Our first session on Calomiris and Haber's "Fragile By Design: The Political Origins of Banking Crises and Scarce Credit" (2014) is this coming Monday, November 17th, at 2pm EST.

ysi.ineteconomics.org/event/money-...

Come join!

16.11.2025 05:44 👍 1 🔁 0 💬 0 📌 0

The Money View Reading Group is starting a new book! Our first session on Giovanni Arrighi's "The Long Twentieth Century: Money, Power, and the Origins of Our Times" ([1994] 2010) is next Monday, October 20th, at 2pm EDT.

ysi.ineteconomics.org/event/money-...

Come join!

16.10.2025 05:19 👍 2 🔁 0 💬 0 📌 0
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We Must Challenge the Job Ethic I recently co-authored an essay arguing that a Universal Basic Income (UBI) might attain the goals of Guaranteed Income advocates better than a targeted Guaranteed Income would. I stand by the points ...

Latest piece on UBI here:

www.greshm.org/blog/we-must...
@alexhowlett.bsky.social @karlwiderquist.bsky.social @scottsantens.com @theubiguy.bsky.social

21.09.2025 18:32 👍 22 🔁 8 💬 1 📌 2
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Guaranteed Income Is Not UBI In his final book, Where Do We Go From Here: Chaos or Community? Martin Luther King, Jr. called for direct cash as a solution to poverty. He wanted to guarantee that every person had sufficient incom...

I have a new blog post on the difference between Guaranteed Income and Universal Basic Income.

"Treating the symptoms of a broken system is a far different project from radically restructuring the system itself."

www.greshm.org/blog/guarant...

07.09.2025 01:58 👍 0 🔁 0 💬 0 📌 0

Next Tuesday, August 12th, at 4 pm EDT, The Money View Reading Group is starting Kenneth Rogoff's new book, "Our Money, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance."

Come join!

ysi.ineteconomics.org/event/money-...

08.08.2025 14:16 👍 0 🔁 0 💬 0 📌 0
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What Problem Does UBI Solve? Ask ten different people what problem Universal Basic Income solves, and you’ll get ten different answers. Scott Santens could probably give you a hundred. This is understandable: A world with UBI dif...

Does UBI solve a problem, or does it serve a function? UBI allows us to distribute money while allocating labor more efficiently.

"The more efficiently we can exploit people, the less we have to exploit them."

28.06.2025 11:15 👍 2 🔁 0 💬 0 📌 1
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UBI and the Environmental Cost of Overemployment Imagine for a moment that we paused all economic growth. The pie isn’t getting bigger, but it isn’t getting smaller either. Now, imagine we invent an efficiency improvement—some new technology. This ...

If you're serious about environmental impact, then you should be serious about UBI.

"Have we unwittingly been overemploying ourselves and overworking our economy, incurring costs to markets and our environment, yet receiving fewer benefits in return?"

www.greshm.org/blog/ubi-and...

03.06.2025 18:42 👍 2 🔁 0 💬 0 📌 2
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1:1 The Money Market Smoothing Over Payments Deficits

"Everyone has their own individual balance of payments: the time pattern of locked-in cash flows and cash commitments. When money is tighter in the market as a whole, those with payments deficits drive up the money rate of interest by bidding for funds."

20.05.2025 04:54 👍 1 🔁 0 💬 0 📌 0
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Home The mission of The Greshm Institute is to deepen the intellectual discussion of basic income (UBI).

I've never been against UBI, and I haven't removed any videos. Are you sure you're not confusing me with someone else?

I literally run a nonprofit think tank in support of UBI.

For more info, you can take a look at our website.

www.greshm.org

06.05.2025 02:36 👍 3 🔁 0 💬 0 📌 0

I like this article.

For me, the main issue is that Guaranteed Income merely targets people who are left behind by the current economic system. That might be a worthwhile thing to do, but UBI actually fixes the system.

04.05.2025 20:16 👍 1 🔁 0 💬 0 📌 0

What are you talking about? What episode? Was it a Boston Basic Income? It wasn't my intention to remove any of them.

I've been an ardent UBI supporter since 2011.

04.05.2025 20:14 👍 0 🔁 0 💬 1 📌 0

The Money View Reading Group is starting a new book! Our first session on Fernand Braudel's "The Wheels of Commerce" (1982) is this coming Tuesday, May 6th at 4pm EDT.

ysi.ineteconomics.org/event/money-...

Come join!

03.05.2025 14:25 👍 0 🔁 0 💬 0 📌 0
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An Equal Playing Field: Why UBI Is Preferable to GI - Roosevelt Institute Given the current climate, one might wonder whether this is the time for a report on universal basic income (UBI). But speaking as two people who’ve advocated UBI since the early 2000s: Current prospe...

And this piece I co-authored with my "roommate" appears in it

rooseveltinstitute.org/blog/an-equa...

@karlwiderquist.bsky.social @alexhowlett.bsky.social @scottsantens.com @olufemiotaiwo.bsky.social @amycastro.bsky.social

30.04.2025 07:17 👍 16 🔁 4 💬 4 📌 1
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1:1 Money Is Global The Myth of Monetary Sovereignty

"Individual countries want to believe that they can control their own monetary systems, but they don't have their own monetary systems. There is one system: a global system."

18.04.2025 01:48 👍 0 🔁 0 💬 0 📌 0
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The System Is Fragile Promises Breed Instability

"As long as cash commitments are easy to meet, people will continue entering into new cash commitments. The web will grow more tangled. The dominos will get closer together. This continues right up to the point of financial crisis."

08.04.2025 21:36 👍 1 🔁 0 💬 0 📌 0

My colleague Derek Van Gorder has written a new working paper explaining the idea of Calibrated Basic Income. There's a level of UBI that maximally helps the economy serve the people. Let's find it.

www.greshm.org/files/2025-0...

03.04.2025 04:06 👍 1 🔁 0 💬 0 📌 1
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Money as Credit The Purest Money Is Paper

"Money, in its ideal platonic form, is a credit claim. Commodity monies such as gold are merely an approximation of that ideal."

23.03.2025 22:23 👍 2 🔁 0 💬 1 📌 0

The Money View Reading Group is starting a new book! Our first session on "The Empire of Value" by André Orléan (2014) is Tuesday, March 25th at 4pm EDT.

ysi.ineteconomics.org/event/money-...

Come join!

19.03.2025 04:20 👍 0 🔁 0 💬 0 📌 0
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Banking Implies Hierarchy A Natural Money Structure

"The emergence of banking is the emergence of hierarchy."

18.03.2025 04:12 👍 0 🔁 0 💬 0 📌 0
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Public-Private Monetary Hybridity Money as a Creature of the Market

"Centralization is natural. Money and banking connect everything. Labeling the economy as distinct public and private sectors doesn't change that. Beneath the labels, the monetary system is all one thing."

09.03.2025 18:14 👍 1 🔁 0 💬 0 📌 0
Why Basic Income (UBI) Is Cooler Than You Think — Phil Jackson @ BIEN Congress:  — August 31, 2024
Why Basic Income (UBI) Is Cooler Than You Think — Phil Jackson @ BIEN Congress: — August 31, 2024 YouTube video by The Greshm Institute

Phil Jackson's Talk from BIEN Congress 2024: Why Basic Income Is Cooler Than You Think

"If automation is hurting people, then that has to mean that there is something wrong with the economy itself."

08.03.2025 14:34 👍 1 🔁 1 💬 0 📌 1
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The Alchemy of Banking Transmuting Promises into Money

Banks are in the business of "monetizing" debt.

01.03.2025 21:03 👍 0 🔁 0 💬 0 📌 0
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Transactions It Takes Two

It takes two (at least) to transact. If we want to wrap our heads around money and banking, we need to learn how to think in terms of transactions.

24.02.2025 20:00 👍 1 🔁 0 💬 0 📌 0
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Four Ways to Pay Representing Payment Types

New Post!

The four payment types are the fundamental building blocks for understanding all balance sheet operations.

23.02.2025 07:55 👍 1 🔁 0 💬 0 📌 0