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Musk's Cash Plan for an AI Economy
Description
Elon Musk’s radical vision for the future economy: as AI floods markets with cheap goods, prices may plummet, forcing governments to send cash directly to citizens to prevent economic stagnation. He warns that deflation—not inflation—could be the real threat, with U.S. debt interest alone surpassing the military budget. While economists dispute his deflation forecast, calling it disinflation at best, Musk’s plan to combat falling prices with universal payments faces steep fiscal hurdles. For now, experts advise building financial resilience as AI reshapes jobs and wealth—government checks remain a distant dream.
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