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 YangPelosi spars with CNN's Blitzer over COVID-19 aid: 'You really don't know what you're talking about' The shape of guaranteed income Biden's latest small business outreach is just ... awful 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 SchumerChuck SchumerTrump to lift Sudan terror sponsor designation Ocasio-Cortez, progressives call on Senate not to confirm lobbyists or executives to future administration posts The 2016 and 2020 Senate votes are about the same thing: constitutionalist judges MORE (D-N.Y.) announced Wednesday that the lawmaker and Secretary of the Treasury Steven MnuchinSteven Terner MnuchinGOP blocks Schumer effort to adjourn Senate until after election GOP noncommittal about vote on potential Trump-Pelosi coronavirus deal On The Money: Sides tiptoe towards a COVID deal, but breakthrough appears distant | Expiring benefits raise stakes of stimulus talks | Stocks fade with eyes on Capitol 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.