Elon Musk on U. S. A WORLD NEWS
Money won't matter in 2036” claims Elon Musk on the latest Insider. He tells Zanny
This is a narrow, repackaged slice of Musk’s familiar AI-abundance argument. The direct-check proposal adds some policy texture, but the deflation explanation closely repeats material already captured in earlier appearances, so most listeners can skip it.
inflation is simply the ratio of money to the to to goods and services. So if the goods and services output increases dramatically, if it increases, you know, one thousand percent, you can increase the you can literally print or these cays change the database, print money. It's you create money in the in the database. Provide the creation of that money is less than the rate at which goods and services increase, you actually have deflation. So I'll make a prediction, which is that deflation will be the issue, not inflation,
Musk argues that robots and AI could make goods and services so abundant that money becomes less important, while government checks may provide a transition mechanism. He also predicts that deflation could replace inflation as the dominant economic concern, but acknowledges that the political transition could be frightening and unstable.