Elon Musk says government checks for all wouldn't spike inflation. Economist Steve Hanke says that's not guaranteed. [Business Insider]
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This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Elon Musk said government checks for all could address job losses from AI without causing inflation. The Tesla and SpaceX CEO said AI and robotics will supercharge production, driving down prices. Steve Hanke said Musk is right in theory, but there's been both inflation and deflation during past booms. AI-generated summary Summaries are generated by an AI model trained on Business Insider's articles. AI may make mistakes or provide inaccurate/incomplete information. We're unable to load that answer right now. Please try again. What is the 'quantity theory of money'? Why might deflation accompany AI booms? How could universal income impact economies? How does AI affect productivity and prices? What are historical examples of inflation? Elon Musk recently said the "best way" to handle job losses from AI would be for the federal
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