When money dies
‘Money for Nothing’ is more than just the name of a Dire Straits hit from 35 years ago. Today it’s the guiding principle of an increasingly wide spectrum of American political thought. Andrew Yang built his campaign for the 2020 Democratic presidential nomination on a call for a universal basic income — a $1,000 monthly payout from the federal government to every adult in the country. When Congress in March fumbled for something grand to do in response to the coronavirus crisis, a consensus quickly settled on sending out $1,200 checks to most Americans. But free money isn’t just an emergency measure or a faddish idea from the left.