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Elon Musk had to explain inflation - a basic economic principle to The Economist’s editor-in-chief: Zanny Minton Beddoes: We live in democracies, and people are very worried about this. Do we need massive redistribution from people like you to people who lose their jobs? Do we need higher taxes...

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🚨 Elon Musk on how people will receive money in an AI-powered future: “I think the Treasury should simply issue people checks. A lot of what we’re trying to think about involves things that were relevant in the past but will not be relevant in the future. Inflation is simply the ratio of money to the rate of goods and services. So if the output of goods and services increases dramatically, if it increases by 1,000%, you can increase the money supply. You can literally print money, or change the database and create money in the database. Provided 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, because if the output of goods and services increases faster than the money supply, you will have deflation.”
1:00

🚨 Elon Musk on how people will receive money in an AI-powered future: “I think the Treasury should simply issue people checks. A lot of what we’re trying to think about involves things that were relevant in the past but will not be relevant in the future. Inflation is simply the ratio of money to the rate of goods and services. So if the output of goods and services increases dramatically, if it increases by 1,000%, you can increase the money supply. You can literally print money, or change the database and create money in the database. Provided 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, because if the output of goods and services increases faster than the money supply, you will have deflation.”

DogeDesigner

136,115 görüntüleme • 2 ay önce

Elon: "I do agree with you that it's it's likely to be great [future of humanity]. It's probably 80% likely maybe more likely to be great. And I do think we'll have universal high income." "We'll basically just issue money to people, really just because the output of goods and services will so far exceed the money supply that effectively you have deflation because deflation is just the ratio of the outputs of goods and services to the money supply." "If the rate of growth of goods and services far exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation."
0:43

Elon: "I do agree with you that it's it's likely to be great [future of humanity]. It's probably 80% likely maybe more likely to be great. And I do think we'll have universal high income." "We'll basically just issue money to people, really just because the output of goods and services will so far exceed the money supply that effectively you have deflation because deflation is just the ratio of the outputs of goods and services to the money supply." "If the rate of growth of goods and services far exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation."

Peter H. Diamandis, MD

56,279 görüntüleme • 3 ay önce

“We'll have universal high income. We're basically just issuing money to people, and just because the output of Business Services will so far exceed the money supply, that effectively you have deflation, because deflation is just the ratio of the outputs of goods and services to the money supply. If the rate of growth of goods and services exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation.” - Elon Musk
0:59

“We'll have universal high income. We're basically just issuing money to people, and just because the output of Business Services will so far exceed the money supply, that effectively you have deflation, because deflation is just the ratio of the outputs of goods and services to the money supply. If the rate of growth of goods and services exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation.” - Elon Musk

DogeDesigner

1,546,714 görüntüleme • 5 ay önce

“Money won’t matter in 2036,” claims Elon Musk on the latest episode of The Insider. He tells Zanny Minton Beddoes, The Economist’s editor-in-chief, how people will live when AI and robots can do every job and why he expects deflation, not inflation:
3:11

“Money won’t matter in 2036,” claims Elon Musk on the latest episode of The Insider. He tells Zanny Minton Beddoes, The Economist’s editor-in-chief, how people will live when AI and robots can do every job and why he expects deflation, not inflation:

The Economist

5,745,297 görüntüleme • 2 ay önce

Elon Musk predicts that "we'll have universal high income." "We'll basically just issue money to people because the output of goods and services will so far exceed the money supply that effectively you have deflation."
0:47

Elon Musk predicts that "we'll have universal high income." "We'll basically just issue money to people because the output of goods and services will so far exceed the money supply that effectively you have deflation."

Resist the Mainstream

56,346 görüntüleme • 4 ay önce

Elon musk reveals how we can prevent inflation and it would only take 3 years "So the U.S. is increasing the money supply quite substantially with you know, deficits that are on the order of $2 trillion." "Uh, so, so you have to have um, you know, goods and services output increase more than that in order to not have inflation." "So, we're not there yet, but if you say like, like how long would it take us to get there, I think it's three years. Probably three years before in three years or less, my my guess is goods and services output will exceed the rate of inflation. Like, money goods and services growth will exceed money money supply growth in about three years."
0:43

Elon musk reveals how we can prevent inflation and it would only take 3 years "So the U.S. is increasing the money supply quite substantially with you know, deficits that are on the order of $2 trillion." "Uh, so, so you have to have um, you know, goods and services output increase more than that in order to not have inflation." "So, we're not there yet, but if you say like, like how long would it take us to get there, I think it's three years. Probably three years before in three years or less, my my guess is goods and services output will exceed the rate of inflation. Like, money goods and services growth will exceed money money supply growth in about three years."

Rad

31,178 görüntüleme • 3 ay önce

ELON MUSK WARNS OF DEFLATION IN AI FUTURE Elon Musk says the Treasury should eventually send money directly to people in an AI-driven economy. "My prediction is that we will desperately be fighting deflation."
0:33

ELON MUSK WARNS OF DEFLATION IN AI FUTURE Elon Musk says the Treasury should eventually send money directly to people in an AI-driven economy. "My prediction is that we will desperately be fighting deflation."

CryptoGoos

48,690 görüntüleme • 3 ay önce

Elon Musk: "People get confused sometimes they think an economy is money , But money is a database for the exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money does not have power in and of itself You can run the thought experiment: if you are shipwrecked on a remote island and you have a trillion dollars in a Swiss bank account, "it's worthless" You’d rather have a can of soup. You can have all the Bitcoin in the world and you’re still going to starve The actual economy is goods and services”
0:41

Elon Musk: "People get confused sometimes they think an economy is money , But money is a database for the exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money does not have power in and of itself You can run the thought experiment: if you are shipwrecked on a remote island and you have a trillion dollars in a Swiss bank account, "it's worthless" You’d rather have a can of soup. You can have all the Bitcoin in the world and you’re still going to starve The actual economy is goods and services”

X Freeze

9,600,909 görüntüleme • 8 ay önce

ELON MUSK’S VISION FOR THE AI & ROBOTICS FUTURE: UNIVERSAL HIGH INCOME As AI and robotics drive explosive productivity, Elon Musk is already planning for the economic reality they will create. His clear proposal: “I do think we’ll have universal high income. We’ll basically just issue money to people because the output of goods and services will so far exceed the money supply that there will not be inflation.” This isn’t basic survival-level UBI. It’s high income enabled by true abundance — where machines produce far more than we need, costs collapse, and humans are freed from mandatory work to pursue creativity, exploration, family, and meaning. Instead of fearing mass unemployment from AI, Elon sees it as the gateway to a post-scarcity world where prosperity is the default.
0:47

ELON MUSK’S VISION FOR THE AI & ROBOTICS FUTURE: UNIVERSAL HIGH INCOME As AI and robotics drive explosive productivity, Elon Musk is already planning for the economic reality they will create. His clear proposal: “I do think we’ll have universal high income. We’ll basically just issue money to people because the output of goods and services will so far exceed the money supply that there will not be inflation.” This isn’t basic survival-level UBI. It’s high income enabled by true abundance — where machines produce far more than we need, costs collapse, and humans are freed from mandatory work to pursue creativity, exploration, family, and meaning. Instead of fearing mass unemployment from AI, Elon sees it as the gateway to a post-scarcity world where prosperity is the default.

Tesla Owners Silicon Valley

16,186 görüntüleme • 5 ay önce

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag
2:08

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag

Mario Nawfal

718,015 görüntüleme • 10 ay önce

ELON: HERE’S HOW ANY COUNTRY CAN BECOME MORE PROSPEROUS "As government spending is made more efficient and spending is reduced, the tax by inflation is reduced. So, one way or another, you will effectively be better off if resources in the United States are not wasted. People will do more useful jobs than before. The total output of goods and services will increase and then the average standard of living will increase. The most important lesson in economics is simply common sense. The more people in a country that are engaged in producing useful products and services, the better off that country will be." Source: Elon Musk, Town Hall in Wisconsin, March 2025
0:39

ELON: HERE’S HOW ANY COUNTRY CAN BECOME MORE PROSPEROUS "As government spending is made more efficient and spending is reduced, the tax by inflation is reduced. So, one way or another, you will effectively be better off if resources in the United States are not wasted. People will do more useful jobs than before. The total output of goods and services will increase and then the average standard of living will increase. The most important lesson in economics is simply common sense. The more people in a country that are engaged in producing useful products and services, the better off that country will be." Source: Elon Musk, Town Hall in Wisconsin, March 2025

Mario Nawfal

30,122 görüntüleme • 7 ay önce

The depth of Elon Musk’s messianic delusions is not fully appreciated. He is a transhumanist eugenicist who thinks humans are a “biological bootloader” for AI. He believes that purging humanity of “inferior races” is crucial to his mission of creating a superintelligence. Musk tells accelerationist fraud Peter Diamandis that humanity will be like an “Iain Banks Culture sort of future.” The Culture is a science fiction series by socialist author Iain M. Banks in which humanity is a kind of pet for giant AIs that control huge spaceships. Humans can change their bodies into almost anything—switch gender, add wings, etc.—and take all the drugs they want. This is the future Musk imagines: Superintelligent AIs that allow a few elites to hang around enjoying “abundance.” The rest of us are nowhere to be found in his vision. His only response to the poors is to just throw money at us—because he says it’s worth nothing anyway. In reality, he will use his unlimited money and power to try to cull the population. He’s already started. MUSK: And I do think we’ll have universal income. We’ll basically just issue money to people and the, really, just because the output of goods and services will so far exceed the money supply. But that, that effectively you have deflation. Because just deflation is just the ratio of the output of goods and services to the money supply. So that’s, so if the rate of growth of goods and services or exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation. DIAMANDIS: Yes. And a lot of people spinning up new companies, competing against each other, driving the price down and increasing the variability and deflation. Faster and faster. MUSK: Yeah, it’s basically, yeah, AI and robots are going to make so much stuff and provide to many services that they will actually run out of things to do for the humans. They’ll just run out of things to do for the humans. And then they, well, you know, there’s only so much that humans can even express that they want. So you go back to my example of like, if you go a million times greater than the host economy, you’ve long since saturated all human desire. You know, maybe like, if you go a thousand times more than our current economy, thousand times, you probably have already saturated saturated human, anything people can think of that they want. DIAMANDIS: So do you think the value of money is going to significantly decrease? Will it, will we go post capitalist? MUSK: Yeah, I think money will stop being relevant at some point in the future. So just as you’re becoming-- It’s probably something like an Iain Banks Culture sort of future. And I think the AI down the road will really not use human currency. It will just care about power and mass, what is in tonnage? DIAMANDIS: It’s kind of ironic then, right? Just as you’re becoming a multi-trillionaire or money starts to have less value. MUSK: Yeah, pretty much. Yeah, you know, there’s all this stuff. It’s really just truly the interest represents like some percentage ownership in companies that I have, you know, built. And it’s not like sitting in the bank account. It’s just literally, I don’t know, percentage of the companies the companies are doing. Let’s say useful things, the value that company grows. I own a percentage of the companies. And that sums up to that number, which seems high.
3:04

The depth of Elon Musk’s messianic delusions is not fully appreciated. He is a transhumanist eugenicist who thinks humans are a “biological bootloader” for AI. He believes that purging humanity of “inferior races” is crucial to his mission of creating a superintelligence. Musk tells accelerationist fraud Peter Diamandis that humanity will be like an “Iain Banks Culture sort of future.” The Culture is a science fiction series by socialist author Iain M. Banks in which humanity is a kind of pet for giant AIs that control huge spaceships. Humans can change their bodies into almost anything—switch gender, add wings, etc.—and take all the drugs they want. This is the future Musk imagines: Superintelligent AIs that allow a few elites to hang around enjoying “abundance.” The rest of us are nowhere to be found in his vision. His only response to the poors is to just throw money at us—because he says it’s worth nothing anyway. In reality, he will use his unlimited money and power to try to cull the population. He’s already started. MUSK: And I do think we’ll have universal income. We’ll basically just issue money to people and the, really, just because the output of goods and services will so far exceed the money supply. But that, that effectively you have deflation. Because just deflation is just the ratio of the output of goods and services to the money supply. So that’s, so if the rate of growth of goods and services or exceeds the rate of growth of the money supply, which I predict will happen, then you will have deflation. DIAMANDIS: Yes. And a lot of people spinning up new companies, competing against each other, driving the price down and increasing the variability and deflation. Faster and faster. MUSK: Yeah, it’s basically, yeah, AI and robots are going to make so much stuff and provide to many services that they will actually run out of things to do for the humans. They’ll just run out of things to do for the humans. And then they, well, you know, there’s only so much that humans can even express that they want. So you go back to my example of like, if you go a million times greater than the host economy, you’ve long since saturated all human desire. You know, maybe like, if you go a thousand times more than our current economy, thousand times, you probably have already saturated saturated human, anything people can think of that they want. DIAMANDIS: So do you think the value of money is going to significantly decrease? Will it, will we go post capitalist? MUSK: Yeah, I think money will stop being relevant at some point in the future. So just as you’re becoming-- It’s probably something like an Iain Banks Culture sort of future. And I think the AI down the road will really not use human currency. It will just care about power and mass, what is in tonnage? DIAMANDIS: It’s kind of ironic then, right? Just as you’re becoming a multi-trillionaire or money starts to have less value. MUSK: Yeah, pretty much. Yeah, you know, there’s all this stuff. It’s really just truly the interest represents like some percentage ownership in companies that I have, you know, built. And it’s not like sitting in the bank account. It’s just literally, I don’t know, percentage of the companies the companies are doing. Let’s say useful things, the value that company grows. I own a percentage of the companies. And that sums up to that number, which seems high.

Jim Stewartson, Decelerationist 🇨🇦🇺🇦🇺🇸

178,762 görüntüleme • 3 ay önce

🚨 Elon Musk Predicts a Financial Crisis Happening Later This Year .Elon Musk explains that money is simply digits in a database, reflecting the production of businesses and services in an economy. If both factors stay constant, inflation can be controlled. But when money enters the system more rapidly than services grow, inflation arises, which is the case right now.
1:58

🚨 Elon Musk Predicts a Financial Crisis Happening Later This Year .Elon Musk explains that money is simply digits in a database, reflecting the production of businesses and services in an economy. If both factors stay constant, inflation can be controlled. But when money enters the system more rapidly than services grow, inflation arises, which is the case right now.

Dr. Simon

2,652,774 görüntüleme • 3 yıl önce

Elon Musk: If everyone gets a Universal High Income, working will be optional and people will have ANY GOODS AND SERVICES THEY WANT — “If you can think of it, you can have it.. will be the future.” Sounds nice, but my brain sees this scenario going waaaaay differently.
2:34

Elon Musk: If everyone gets a Universal High Income, working will be optional and people will have ANY GOODS AND SERVICES THEY WANT — “If you can think of it, you can have it.. will be the future.” Sounds nice, but my brain sees this scenario going waaaaay differently.

MJTruthUltra

323,050 görüntüleme • 9 ay önce

ELON: THE MORE PEOPLE PRODUCE USEFUL THINGS, THE BETTER OFF THE COUNTRY WILL BE “As government spending is made more efficient and spending is reduced, the tax via inflation is reduced. One way or another, you will effectively be better off if resources in the United States are not wasted. People will do more useful jobs than before, the total output of goods and services will increase, and then the average standard of living will increase. The most important lesson in economics is simply common sense: the more people in a country that are engaged in producing useful products and services, the better off that country will be. Generally, I think you want to minimize the number of people in government. You want to keep that to a minimum and move people from low to negative-productivity roles to high-productivity roles in the private sector.” Source: Town Hall in Green Bay, Wisconsin, March 30, 2025
1:09

ELON: THE MORE PEOPLE PRODUCE USEFUL THINGS, THE BETTER OFF THE COUNTRY WILL BE “As government spending is made more efficient and spending is reduced, the tax via inflation is reduced. One way or another, you will effectively be better off if resources in the United States are not wasted. People will do more useful jobs than before, the total output of goods and services will increase, and then the average standard of living will increase. The most important lesson in economics is simply common sense: the more people in a country that are engaged in producing useful products and services, the better off that country will be. Generally, I think you want to minimize the number of people in government. You want to keep that to a minimum and move people from low to negative-productivity roles to high-productivity roles in the private sector.” Source: Town Hall in Green Bay, Wisconsin, March 30, 2025

Mario Nawfal

2,018,026 görüntüleme • 1 yıl önce

Elon Musk: money won't matter in 2036. “What do you want money for?” “You want money for goods and services. Food, housing, transport, entertainment.” “You want money for goods and services, right?” “Well, if that is so abundant that the robots and AI are providing more goods and services than any human could possibly consume…” “If robots and AI are providing more goods and services than any human could possibly consume, what do you need money for?”
0:37

Elon Musk: money won't matter in 2036. “What do you want money for?” “You want money for goods and services. Food, housing, transport, entertainment.” “You want money for goods and services, right?” “Well, if that is so abundant that the robots and AI are providing more goods and services than any human could possibly consume…” “If robots and AI are providing more goods and services than any human could possibly consume, what do you need money for?”

Veee

119,874 görüntüleme • 3 gün önce

Elon Musk: The real economy is goods and services, not money. Money is just a database. “People get confused. Sometimes, they think an economy is money. Money is a database for exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money doesn't have power in and of itself. You can run the thought experiment of you're trapped on a remote island, shipwrecked on an island, and you've got a trillion dollars in a Swiss bank account. It's worthless. You'd rather have a can of soup. So you know, all the Bitcoin in the world, you're still going to starve. So, the actual economy is goods and services.” From: Welt Interview, April 15, 2022
0:38

Elon Musk: The real economy is goods and services, not money. Money is just a database. “People get confused. Sometimes, they think an economy is money. Money is a database for exchange of goods and services and for time-shifting the exchange of goods and services. Money is a database. Money doesn't have power in and of itself. You can run the thought experiment of you're trapped on a remote island, shipwrecked on an island, and you've got a trillion dollars in a Swiss bank account. It's worthless. You'd rather have a can of soup. So you know, all the Bitcoin in the world, you're still going to starve. So, the actual economy is goods and services.” From: Welt Interview, April 15, 2022

ELON CLIPS

169,307 görüntüleme • 1 yıl önce