Elon Musk Says 'If AI/Robots Increase Output, Then You Must Issue Dollars To People or There Will Be Massive Disinflation' [Yahoo! Finance]
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Source: Yahoo! Finance
intelligence, framing it as an inflation-safe policy if automation expands real output fast enough. The idea is drawing pushback from economist Sanjeev Sanyal, who in economist slams Musk's universal high income plan called the approach economically unsound and risky for government finances. In a conversation on X, Musk wrote that handing out more dollars only becomes a problem when the economy's supply of goods and services fails to surge alongside the money supply. Musk's core claim is that AI and robots could lift production so sharply that the bigger risk would be falling prices, not rising ones. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast Why Musk's Income Proposal Sparks Fierce Debate Musk's argument hinges on a simple ratio: if automated systems flood the economy with output, then more purchasing power has to be d
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