Tesla CEO Elon Musk, whose purchase of Twitter remains ongoing, slammed President Biden as an empty suit in a podcast interview Monday and warned that if the government continues printing money, inflation will get worse and the U.S. might follow the path of Venezuela.
Elon Musk speaks out about inflation, supporting Amazon CEO Jeff Bezos' remarks against President Biden and warning that the"obvious" cause of inflation might make the US become like VenezuelaELON MUSK SAYS TWITTER OBVIOUSLY HAS A ‘STRONG’ LEFT-WING BIAS
"Various countries have tried this experiment multiple times," Musk noted. "Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government."in 2018 amid an economic spiral beginning with government price controls and plummeting oil prices. The government started printing money to cope, and prices skyrocketed, unemployment increased, and GDP collapsed.
U.S. inflation rose 8.3% in April, slightly below the 8.5% jump in March but still near the 40-year-high. "The reality is that Twitter, at this point, has a very far left bias," Musk said. "And I would trust myself as a moderate and neither Republican or Democrat."
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