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 YangEvelyn Yang pens children's book on sexual abuse, reveals she was sexually assaulted as a child Yang pitches plan to revive Broadway, live performances in New York Yang returns to campaign trail following kidney stone 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 SchumerHolder, Yates lead letter backing Biden pick for Civil Rights Division at DOJ Capitol Police officer killed in car attack lies in honor in Capitol Rotunda Rep. Andy Kim on Asian hate: 'I've never felt this level of fear' MORE (D-N.Y.) announced Wednesday that the lawmaker and Secretary of the Treasury Steven MnuchinSteven MnuchinDemocrats justified in filibustering GOP, says Schumer Yellen provides signature for paper currency Biden's name will not appear on stimulus checks, White House says 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.