TL;DR: Elon Musk claims the US government uses "magic money computers" to print money from nothing, as discussed with Senator Ted Cruz. Musk suggests these computers, mainly at the Treasury Department ...

Elon Musk claimed 14 computers at the Department of Treasury and other government agencies just “send money out of nothing” during a podcast appearance with Sen. Ted Cruz (R-Texas) on Monday. He ...

Which means governments can print or they can spend, but they can’t do both simply because production buys goods, services, and labor, not printed money. Markets are wise.

The Magic Money Computers create trillions of dollars out of nothing. When they print, we print. ctrl+alt+print The memecoin born on Solana via Pump.fun! Powered by ...

Elon Musk, the chief executive of Tesla and SpaceX and the brainchild behind the Department of Government Efficiency, went onto Sen. Ted Cruz's podcast to discuss what he's learned in Washington.

Fed operations create reserves, not spendable money; real money is created when banks make loans, meaning QE changes the form of liquidity, not the quantity of broad money in the economy.