I don't think you can blame that on the stimulus. There are tons of other forces driving up prices, including iBuyers and the lack of affordable new construction. The stimulus barely paid a month of rent for most people.
My preferred policy would be to adjust interest rates to control inflation, and adjust UBI to control interest rates to keep them a healthy distance from zero.
But UBI absolutely will increase demand - and therefore prices until the same equilibrium is met but at a higher price. Basically, the poor will still be poor, but the rich will be poorer too. If a race to the lowest common quality of life is what you want, UBI is the answer. For any other scenario keep looking.
What would you do instead? Continue existing trickle down policies? Use weird neoliberal tax breaks that require an accountant to utilize?
If we continue down the path of the top 10% in the US owning 89% of stocks, we’re going to have bigger problems than slight price increases on essentials.
So what was the big secret? You won't want to hear it. First and foremost it was the tax cuts and jobs act. Yeah yeah, a giveaway for the rich the media says. Nonsense. Second it was getting the government out of the way of the economy and business. Removing regulations was absolutely a factor in the success. And finally it was using our influence to benefit the US first and foremost (tariffs, foreign policy etc). Of course the media has poo pooed all these things, particularly because of who was at the helm when they happened. And I don't expect anyone on HN to agree with me.
The bottom 10% barely got anything: https://upload.wikimedia.org/wikipedia/commons/c/ce/1-Distri...