In July 2024, the National Bureau of Economic Research issued a report from the researchers on an income-transfer project conducted in Illinois and Texas. It has generated global attention, with some commentators saying it undermines the case for basic income, others that it supports the case for it.
This note is a critique of the project, and one point should be made very firmly at the outset: This experiment was not a test of basic income. Anybody claiming otherwise is either unfamiliar with the concept of basic income or is being disingenuous.
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