[JohnnyB]

If not for the issue of flight to other currencies, UBI funded through continuous QE would be an interesting idea to see play out. It would essentially be a tax on all cash in order to provide UBI. It would create a strong incentive against holding cash and might increase M2. Massive overseas cash reserves wouldn't need to be brought back on shore as they would essentially be taxed through QE and inflation, so holders of large reserves would need to start moving cash into other investments.

Imagining a bubble with a single global currency and UBI funded through permanent QE makes for a kind of interesting thought experiment.