2024-11-14 10:09:27
1. Inflation is most likely multicausal. 2. Given a sufficiently large output gap, government spending spending can stimulate the economy and generate pareto-optimal results. 3. Musk is a recipient of subsidies. By his logic SpaceX is either taxing or inflationary. [Link] NEEDS_MORE_RATINGS(9-2-58) Author
2024-11-14 10:34:02
Grok tells us that the influence of government spending on inflation is a complex issue. Musk needs to consider supply-side factors, monetary policy, economic slack, composition of spending and global influences. [Link] NEEDS_MORE_RATINGS(8-1-55) Author
2024-11-14 10:38:02
We could argue for hours on what causes inflation and not reach an agreement. This is a topic that is frequently debated. However common causes seem to be increase in taxes and / or increase in monetary supply. Opinions should go in replies. NEEDS_MORE_RATINGS(30-2-7) Author
2024-11-14 11:09:56
Being the richest man in the world and builder/owner/leader of multiple industry leading companies for decades makes him one of the world's foremost experts on inflation. CURRENTLY_RATED_NOT_HELPFUL(1-1-6) Author
2024-11-14 12:00:07
Logically, for all gov spending to be taxation, then the 1st $ the gov spent was taken in tax from a citizen. Where did the citizen get that $? In truth, the gov created that $ out of thin air and spent it, buying work/services. The worker then returns part of that $ in tax. [Link] NEEDS_MORE_RATINGS(5-4-61) Author
2024-11-14 12:15:01
NNN - The post expresses the original economic view that inflation is the expansion of money supply and consequent devaluation of currency. Some people disagree. It's thein opinion. Put the opinion in the comments. [Link][Link] NEEDS_MORE_RATINGS(30-2-5) Author
2024-11-14 16:31:26
Excessive government spending can drive inflation, but the idea that "all government spending is taxation" is a conceptual view, not a fact. Inflation, taxation, and spending interact in complex ways, influenced by factors like demand, economic context, and monetary policy. [Link] NEEDS_MORE_RATINGS(10-1-35) Author
2024-11-14 21:30:01
While directionally true, the claim that the federal deficit has averaged $2 trillion dollars/year is false. It has averaged $1.658 trillion/year for the 2017-2024 period. [Link] NEEDS_MORE_RATINGS(5-2-25) Author
2024-11-14 23:39:25
NNN The note presenting Modern Monetary Theory as a how’s working the current monetary system is false. MMT is a heterodox theory, as such not the current system. Current system is based on money creation in majority by commercial banks loans and in minority by central banks. [Link] CURRENTLY_RATED_NOT_HELPFUL(0-0-1) Author
2024-11-15 02:27:09
NNN - Musk is expressing an argument from the Austrian school of economics. This is his opinion and this cannot be community noted. Have the economic debate in the comments if you wish NEEDS_MORE_RATINGS(5-0-5) Author
2024-11-15 07:05:41
The tweet is totaly wrong. Unfortunately [Link] CURRENTLY_RATED_NOT_HELPFUL(0-0-5) Author
2024-11-15 10:52:11
Factors impacting overall inflation include demand-pull inflation, cost-push inflation, increased currency, devaluation & depreciation, wage costs, & fiscal policies. Govt spending can contribute to both increased & decreased inflation, depending on many variables. [Link][Link][Link] NEEDS_MORE_RATINGS(6-1-8) Author