Thank you for reading--and for asking a question rather than pronouncing a judgment based on one brief summation of the paradigm. I acknowledge that it would take effort for any nation to figure out how best to implement the paradigm. Dealing with possible inflation would have to be taken into consideration. The point is, though, that it provides a framework with which to work to transform the outcomes for people of the existing economy.

Once it was fully in place, all of those benefits would accrue without the paradigm causing any inflation. Like everything else in that summation, I address the issue of inflation more in other articles. Here, I'll cover a couple of things.

Money would be withdrawn from the economy as described in the article. So while the supply of money and incomes would be much greater (regarding the latter, as you point out, including the absence of taxes), the 'velocity' of money--how many times it changed hands--would be correspondingly reduced. Keep in mind that, currently, all of the money that government collects does get recirculated in the form of income to businesses and people. In this paradigm the money that would be collected would vastly reduce the amount that would have to be created to fund the DDI and government.

As noted in the article, the DDI would have to start at something close to the current minimum wage and be increased gradually, so that supply would be able to adjust. Taxes might need to be gradually reduced, too, (but income taxes for low-income people perhaps immediately eliminated) with taxes that would be collected also reducing the amount of money that would have to be created to fund government.