Elon Musk explains how to end inflation and drop interest payments forever

1 month ago
20

THIS is why Elon Musk and DOGE are making drastic and important cuts to government spending:

“Provided the economy grows faster than the money supply, which means you stop the government overspending and the waste and the output of real useful goods and services exceeds the increase in money supply. You have no inflation and you also drop the interest payments that people pay

The reason the interest payments are so high is because the national debt keeps increasing. So the government is competing to sell debt with the private citizens. This drives up the interest rate.

If you cut back on the deficit, you actually have an amazing situation for people because you get rid of inflation and you drop the interest rates.

That means people's mortgage payments go down, the credit card payments go down, their car payments go down, their student loans go down. Their life becomes more affordable and their standard of living improves.”

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