#42. Could a universal basic income for Canada save our economic lives during this pandemic and usher in a new economy of well-being?

#42. April 21, 2020. Author and public banking expert Ellen Brown (author of The Public Bank Solution) explores the idea of a Universal Basic Income (UBI) which Spain recently announced as its national strategy to help individuals and households survive during this Covid-19 pandemic and the economic shut-down that has impacted the whole world. What is a Universal Basic Income (UBI)?  How might a UBI work in Canada?  What are the potential pitfalls of a UBI? Who and how would it be funded in Canada or other countries?  What role could the central banks of our nations play in financing a basic income? What does China (which adopted Abraham Lincoln's model of sovereign money creation) have to teach Canada, the US and Europe about creating money in sufficient supply without the cost of interest charges and compound interest, while providing enough money for living wages and sufficient liquidity to invest in the real potential of the nation's human, cultural, produced and natural assets? Is this crisis an opportunity for Canada to advance a working model of an economy of well-being, well-being based budgeting and well-being-based monetary polices of the Bank of Canada?