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Is it resulting in better art?
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compared to what?!
And no, probs not. It's widely considered a right among self-respecting "artists" whose art is too important/too misunderstood to be commercially viable. The market is filthy etc
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Artists be above selling their art but not above suckling the governments teat I suppose
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Nordic paradise strikes again lol
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And is it something you think is a good idea?
Maybe this is why you live in Iceland?
For the free fiat money...
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Iceland already has one of these programmes. Some insane number of "artists" are getting half, full, or quarter salary — year after year