Key Takeaways
- Elon Musk proposes joining a “government efficiency commission” to address US inflation.
- Musk links government overspending directly to rising inflation and national debt.
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Elon Musk volunteered to assist a prospective “government efficiency commission” aimed at reducing US government overspending during a live discussion with Donald Trump on Monday. The X’s owner said excessive government spending drives inflation and called for an urgent need for spending cuts to stabilize the economy.
“Inflation comes from government overspending because the checks never bounce when it’s written by the government,” Musk stated. “So if the government spends far more than it brings in, that increases the money supply, and if the money supply increases faster than the rate of goods and services, that’s inflation.”
It was not Musk’s first mention of the “government efficiency commission.” In a recent Lex Fridman…
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