Elon Musk has publicly attributed inflation to excessive government spending, arguing that when the government spends more than it earns, it expands the money supply.This increase, if faster than the growth in goods and services, leads to inflation.
Musk advocates for reducing government expenditure and has proposed the formation of a ‘government efficiency commission’ to address this issue.
His views have sparked discussions, with some supporting his economic analysis, while others offer differing perspectives, such as corporate greed or the importance of government spending for public welfare.
Musk’s proposal has been met with interest, particularly from political figures, suggesting a potential collaboration with Donald Trump to lead this commission aimed at enhancing government spending efficiency.
