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Tuesday, August 16, 2022

Crazy Inflation! Elon Musk Blasts Biden for Boosting Inflation, Warns U.S. Could End Up as the Next Venezuela 

TrendingCrazy Inflation! Elon Musk Blasts Biden for Boosting Inflation, Warns U.S. Could End Up as the Next Venezuela 

Tesla CEO Elon Musk criticized Sleepy Joe’s lousy work on the economy and said that if the prices keep on soaring, the U.S. could become another Venezuela.

During his interview on the “All-In” podcast, the billionaire said that Crazy Joe’s administration, for 18 months, hadn’t accomplished anything but big spending bills that boosted inflation, according to The Washington Times.  

Musk said, “The obvious reason for inflation is that the government printed a zillion amount of more money than it had, obviously.”   

“If the federal government writes checks, they never bounce … if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation,” Musk added.  

The Tesla CEO also argued that if the government keeps issuing checks, it will eventually lead to inflation and other serious problems. This is what happened when Congress issued many checks during the coronavirus pandemic.  

“If the government could just issue massive amounts of money and deficits didn’t matter, then why don’t we just make the deficit 100 times bigger. Various countries have tried this experiment multiple times. Have you seen Venezuela?” Musk continued.  

A few days ago, fellow billionaire and Amazon founder, Jeff Bezos, burned Creepy Joe’s latest solution for inflation. Biden wrote that “the wealthiest corporations” have to “pay their fair share.”  

Bezos seemed to find Biden’s words offensive and responded with “The newly created Disinformation Board should review this tweet, or maybe they need to form a new Non-Sequitur Board instead. Raising corp taxes is fine to discuss. Taming inflation is critical to discuss. Mushing them together is just misdirection.” 

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