No. Simply having money means nothing. This is true for all economies. It's entirely up to society accepting the currency you have to produce the goods you desire.

In a basic income society, the amount received should be based off of indexes for items/services deemed necessary to meet some basic quality-of-life thresholds. If the private sector cannot provide items/services to meet those thresholds, then the government should step in to provide them, until the private sector can provide it more efficiently(if possible).