Elon Musk says Doge can put dents in inflation

Elon Musk This weekend, he said that the Ministry of Government Efficiency (DOGE)’s cost-cutting efforts could curb inflation.

Musk spoke at a Wisconsin town hall event on Sunday ahead of the major state Supreme Court elections on Tuesday. With his remarks, he promoted Doge’s efforts And he said he believes that spending cuts will help slow the pace of price growth.

“We’re going to make sure that taxpayer money costs at least 15% better than the taxpayer money,” Musk said. “I think it’s a rational goal. It’s a rational goal. It’s a wise goal.”

“And the end result is that if there’s a combination of a $1 trillion increase in economic output and a $1 trillion decrease in fiscal deficit, the result is that there’s very little inflation or inflation,” Musk added.

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Elon Musk outlined how he thinks Doge’s efforts will help delay inflation. (Get McNamee/Getty Images)

Musk continued, saying Doji’s efforts would consider his expectations. Reduce inflationconsumers should consider the prices of important items to be relatively stable by the end of next year.

“So, by the end of next year, grocery prices will be very similar to what you’re currently in. So what you know is probably more expensive and a little higher,” he explained. “On the other hand, we’ve been ramping up until now, and inflation is actually a harmful tax that has been used by governments throughout history.”

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White House senior advisor Elon Musk led Doge’s efforts. (Samuel Core/Getty Images)

The billionaire duds leader added that inflation is caused by government policies and indirect functions Taxes on consumers.

“It’s very appealing to use inflation as a tax because the government is indirect,” Musk said. “People see grocery stores, goods and services, or homes rising. They tend to like and blame the store. But it’s not the store, it’s the government. The government reduces the value of the money, and as a result, the prices have risen.”

Musk also discussed how he views Doge’s efforts to shift workers Government to private sector Its role is to contribute to increasing economic production and, as a result, to improve living standards.

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“By reducing waste and fraud, average living standards rise as they essentially make the economy more efficient and shift people’s resources from the government to the private sector, which will lead to increased production of goods and services,” Musk said.