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elon musk discusses magic money computers and government financial practices

Elon Musk recently discussed "magic money computers" during a podcast with Sen. Ted Cruz, highlighting concerns over government financial practices and accounting. He criticized the lack of oversight, suggesting that the government can create money without proper checks, akin to a failure in double-entry accounting. Experts noted that while the government can print money, this can lead to inflation, raising questions about fiscal responsibility and the implications of such monetary policies.
Fortune
Tesla, Inc. DEU USA Elon Musk Ted Cruz Ben Bernanke Jay Hatfield Ron Paul Show more
Finance & Economy, Blog Post
16:05 19.03.2025
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