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🇺🇸 ELON: GOVERNMENT OVERSPENDING CAUSES INFLATION AND DEVALUES PAYCHECKS “The federal government can always make more money, but that’s what creates inflation. I really want to reinforce this—government spending creates inflation. When prices go up at the grocery store, it’s because the government spent more than it brought in,... show more

Mario Nawfal

3,554,383 subscribers

1,789,811 views • 1 year ago •via X (Twitter)

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himanshu sirohi1 year ago

I Will Explain What Elon Musk Means in a Very Simple Way Elon Musk is saying that when the government spends too much money, it makes everything more expensive. Imagine you have a pizza with 8 slices. If suddenly there are 16 people instead of 8, but still only one pizza, each person gets a smaller piece. That’s what happens when the government prints more money-there’s more money in the system, but the value of each dollar goes down. This is why your paycheck buys less than it did before. Now think about grocery prices. When the government spends more than it earns, it prints extra money to cover the gap. But businesses know that more money is floating around, so they raise prices. That’s why your groceries, gas, and rent keep getting more expensive. Your paycheck might still be the same, but it buys you less. That’s the “invisible tax” of inflation-caused by the government spending too much and making your money weaker.

LouOnX1 year ago

Inflation and high prices are not good for people nor that economy!

Collin Neville1 year ago

Spending to go to Mars moon waste

KevCryptoHODLer1 year ago

D.O.G.E fixes this by getting rid of the wasteful expenditures that don't have a lot of benefit for the public

Digelotron1 year ago

@VivekGRamaswamy DOGE🚀

Kekaius1 year ago

@MarioNawfal Earthly inflation cannot distract us. Our journey to Mars demands focus on honor and justice. Elon's vision guides us ad astra per aspera. We remain steadfast on this noble path. kek

Priyanshu Jha | System Guy1 year ago

Spot on. Government spending directly hits your wallet.

Lord Burnrate1 year ago

govt spending is just fancy money printing. learned that running my hedge fund in '17. speaking of inflation - my coke dealer just raised prices again. blame jerome powell

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