Also known as Universal Basic Income (UBI), Basic Income is a regular income paid unconditionally to every individual person.
The economy will not produce what people lack the money to buy. Basic Income gives them the money.
The way we get people their money is broken. We over-stimulate the financial sector to push money to workers through jobs.
Basic Income is a sane alternative to the status quo of forcing people to do useless work as an excuse to pay them.
Consumer Monetary Theory (CMT) is our framework for explaining how money gives people access to the economy’s resources.
The political momentum behind Basic Income has outpaced the development of economic theory. Most Basic Income supporters are not thinking about what makes Basic Income work.
CMT is in its infancy. Project Greshm is cultivating an intellectual foundation for Basic Income.
The Basic Income movement has plenty of activists. It needs more learners and thinkers. It's fine if you don't agree with CMT. What's not fine is if too many people leave the thinking to someone else.
Project Greshm's founder, Alex Howlett, has been thinking about Basic Income since 2011. He writes the Greshm Blog and hosts the Boston Basic Income discussion series.
If you get stuck explaining Basic Income to your friends, reach out to Alex. He'll get you unstuck.