Comment on Modern Monetary Theory: Musk Edition
9point6@lemmy.world 6 days ago
Inflation is good for musk, it means his investments make more money
Let’s all not be naive here
Comment on Modern Monetary Theory: Musk Edition
9point6@lemmy.world 6 days ago
Inflation is good for musk, it means his investments make more money
Let’s all not be naive here
UnderpantsWeevil@lemmy.world 6 days ago
In the short term. But you still need a stable currency for international trade. So far, the US has managed to keep the dollar strong(ish) especially with regard to our oil and tech exports. And they’ve done this after floating over $30T in debt, no small feat.
Idk if Musk Bucks meaningfully change that math. So maybe it’s fine. A few hundred billion, which is still barely a percentage point on the national economy.
But it does add stress to an already inflated system.