Mark Moss breaks down why printing money doesn't automatically cause inflation. Kevin Warsh and Elon Musk argue that if money supply grows slower than goods and services, it's actually deflationary. The outcome depends entirely on the relative rate of change between the two.
where does that fit in with what the Treasury themselves and the Federal Reserve is saying? So who decides what this means? It's the same question. So here we have the Federal Reserve, Kevin Warsh at the Fed, saying whether that's inflationary or not, that's up to the Federal Reserve, and we're going to have something to say about it. So is that inflationary? He's like, we're going to look at the supply and demand of kind of like what Elon Musk is saying. Now over here on the same side, we have Elon Musk. I think the Treasury should just, um, issue checks. And he's saying if money creation runs below the growth in goods and services, that results in deflation. So they're kind of saying the same thing. Economist told the richest man alive that printing checks caused inflation. He told her it's the opposite because of the balance— or I should say the rate of change in those two. And again, the Federal Reserve seems to be saying the same thing.
