This past Monday, Billionaire Elon Musk called out Old Uncle Joe, stating he not actually the one in charge of this government.
The founder of SpaceX and Tesla also claimed that this horrendous inflation just may spiral out of control if the officials within the U.S. government keep choosing to simply try and solve problems by printing money.
“The real president is whoever controls the teleprompter,” claimed Musk, who also went on to add that he has historically voted “overwhelmingly for Democrats.”
“The path to power is the path to the teleprompter,” he stated. “I do feel like if somebody were to accidentally lean on the teleprompter, it’s going to be like Anchorman,” continued the CEO, making reference to the 2004 film in which Will Farrell’s character Ron Burgundy will read whatever’s on the teleprompter.
“This administration doesn’t seem to get a lot done,” claimed Musk while being interviewed in a segment of the “All-In” podcast. “The Trump administration, leaving Trump aside, there were a lot of people in the administration who were effective at getting things done.”
Musk also went after the rest of the Democratic Party as a whole as “overly controlled by the unions and by the trial lawyers, particularly the class-action lawyers.” He made the bold claims that it is the part that goes against ” the interests of the people.”
“In the case of Biden, he is simply too much captured by the unions, which was not the case with [former President Barack] Obama,” who Musk himself claimed was “quite reasonable.”
Musk then went on to comment on an assertion from fellow billionaire Jeff Bezos that the White House was making use of “misdirection” to “muddy the topic” of inflation.
“I mean, the obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously,” stated Musk.
Jeff Bezos previously stated: “The administration tried hard to inject even more stimulus into an already over-heated, inflationary economy and only [Sen. Joe] Manchin [D-WV] saved them from themselves. Inflation is a regressive tax that most hurts the least affluent. Misdirection doesn’t help the country.”
Musk stated: “So it’s like the government can’t just, you know, issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant.”
“If the federal government writes checks, they never bounce. So that is effectively creation of more dollars. And if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation, again, velocity of money held constant,” he continued.
“If the government could just issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger? The answer is, you can’t because it will basically turn the dollar into something that is worthless,” Musk concluded. “Various countries have tried this experiment multiple times. Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government.”