Elon Musk is so rich that the second richest person in the world (Larry Ellison) is closer to the poorest person in the world than Elon. Yet, he is wrong. It is always easier to create a number than to print energy. You 10x energy? Then 20x currency units. You 100x energy? Then 200x currency units. You 10,000x energy? Then 20,000x currency units. Humanity has increased productivity by millions-fold over the last millennia, yet inflation still remains a problem today. There are thousands of examples to prove @elonmusk's error here... The most obvious one being the Untied States itself. Technology is deflationary and it is an undeniable fact products and services have exploded in the US over the last century... Yet money supply has grown dramatically and at an ever faster rate. The US government can allow prices of consumer goods to fall, but the government can not allow the prices of assets to fall. If the prices of assets fall (property, stocks, bonds, or cashflows) then the debt explodes in value and America defaults - which they can't let happen. Since the sale of products/services contribute to cashflows of companies and that profit is sold at a massive marked up multiple (Tesla at 300 years right now) the government can't allow products/services to fall in value because that would crush equity values which would crush tax receipts. No matter how much productive brilliant people like Elon Musk produce political currency must (and can) expand faster in supply... and it needs to because otherwise it becomes insolvent and weaponises the very productivity against citizens to harvest their wealth. The easiest own-able thing in the universe to produce is a number not tied to energy. (Political currency) Producing energy is harder. (Houses, cars, robots.) Producing a number that is finite and requires energy expenditure is the most finite own-able thing in the universe. (Bitcoin) Elon and others will continue to build. Political currency will continue to harvest. Bitcoin is the inevitable alternate. For a 90 minute one-take whiteboard explanation, here you go: https://t.co/tIFcE60o44