Elon Musk's Statement On Inflation Is Hilarious

Elon Musk is essentially a walking-talking meme generator. And we love him for it. 

Musk is also among the billionaires who love Bitcoin and believes in the future of the crypto industry. Although, he's a bigger fan of Dogecoin... We'll forgive him for this someday. 

However, there's a reason Tesla owns Bitcoin on their balance sheet and not Dogecoin!

Elon is also well-known for his willingness to call out celebrities, billionaires, and politicians for their shenanigans. He endlessly ridiculed President Trump and has continued the tradition by harassing President Joe Biden. 

His latest statement on inflation will make you crack up: 

"The obvious reason for inflation is the government printed a zillion amount of more money than it had," he argued. "The government can't just issue checks for an excessive revenue without there being inflation. Velocity of money held constant."

"This is not, like, super complicated," he added. (source)

While "zillion" is not an exact figure, Elon Musk nails it in this interview. The government has indeed printed trillions of new dollars into existence without any value being created. 

This act of inflation is what ultimately wipes out the purchasing power of people's savings accounts and makes goods and services more expensive. 

In the same interview, Elon Musk suggests the United States could be facing up to 18 months of a recession. 

While memes and Elon Musk's statements are funny, job losses, inflation, and economic decline are not. We applaud Musk for being willing to stand up against inflation and too much spending. 

Lastly, if you have not seen Elon's interview on the Babylon Bee's podcast, we highly recommend you give it a listen: