So long as the increase in goods & services exceeds the increase in the money supply, which will be the case with AI & robots, there will not be inflation.
In fact, my prediction is that we will desperately be fighting deflation!
💡 Inside Track & Deep Insight
Elon Musk on Tuesday waded into macroeconomic debate, asserting that direct cash transfers from the Treasury would not be inflationary provided that gains in goods and services outstrip the growth in money supply. In a post on X, the tech billionaire doubled down on his long-held view that AI and robotics will supercharge productivity, potentially leading to deflation rather than price hikes.
The comment, responding to a user who suggested direct payments could stoke inflation, reflects Musk's growing focus on economic policy and his belief in deflationary technology. His stance aligns with some economists who argue that rapid automation could suppress prices by boosting supply, though mainstream central bankers remain cautious about inflationary pressures from fiscal stimulus. Musk's prediction that the world will “desperately be fighting deflation” runs counter to current global central bank efforts to tame inflation.
👇 Original Post on X
Better just to send money directly to the people from the Treasury.
So long as the increase in goods & services exceeds the increase in the money supply, which will be the case with AI & robots, there will not be inflation.
In fact, my prediction is that we will desperately…
— Elon Musk (@elonmusk) June 20, 2026