Elon Musk Volunteers to Help Cut Government Spending Amid Inflation Fears
đą Elon Musk has volunteered to join a potential "government efficiency commission" to cut US government spending in a one-on-one discussion with Donald Trump. He believes excessive government spending is the cause of inflation and spending cuts are needed to stabilize the economy.
đĄ Causes of Inflation: Musk believes inflation stems from excessive government spending, when the money supply increases faster than the production of goods and services.
đ National Debt: Musk also stressed that the national debt is increasing every day due to excessive spending, which increases inflation.
đą Energy Prices: Trump agrees with Musk but stresses that reducing energy prices will be an important factor in easing economic pressures.
đ€ Artificial Intelligence (AI): Trump predicts AI will require twice as much energy and the nation's energy production will need to be increased to meet this demand.
đč Although the crypto community expected Trump to mention "#Bitcoin", there was no discussion of crypto or Bitcoin during the event.
đ Source: https://t.me/cryptoanalysisvn/1/1981
