Former MSNBC host explains why UBI is a ventilator for U.S. economy in a crisis

Former MSNBC host Dylan Ratigan on Wednesday said that universal basic income (UBI) – an idea popularized by former Democratic presidential candidate Andrew YangAndrew YangGeorge Floyd protests show corporations must support racial and economic equality Andrew Yang discusses his universal basic income pilot program Andrew Yang on the George Floyd protests in Minneapolis MORE – could keep the country's economy afloat long enough to weather fallout from the COVID-19 pandemic.

"UBI is the equivalent of a ventilator for the economy, which is why you're seeing every other country do it. America is the only country that hasn't done it," Ratigan told Hill.TV. 

Congress's $2 trillion-plus stimulus package included a one-time check of $1,200 to Americans adults who qualified, though Democratic lawmakers argue that the most recent relief bill isn't enough.

A spokesperson for Sen. Chuck SchumerCharles (Chuck) Ellis SchumerGOP lawmaker calls on Senate to confirm Michael Pack as head of US media agency McConnell blocks resolution condemning Trump over treatment of protesters House Democrat demands answers from Secret Service about role breaking up White House protests MORE (D-N.Y.) announced Wednesday that the lawmaker and Secretary of the Treasury Steven MnuchinSteven Terner MnuchinThe Hill's Coronavirus Report: BIO's Michelle McMurry-Heath says 400 projects started in 16 weeks in biotech firms to fight virus, pandemic unemployment total tops 43 million IRS faces obstacles with remaining stimulus checks On The Money: GOP turning against new round of ,200 rebate checks | Millions of Americans frustrated by delayed unemployment checks | Senate votes to give coronavirus relief program more flexibility MORE are inching closer to a deal on a deal to provide additional funding to small businesses and tens of billions of dollars in federal aid to hospitals and state budgets. 

Watch the full video above.