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@ McCoy
2025-03-05 20:07:33
Meta’s AI Llama does pretty well:
While we can't know for certain what Elon Musk thinks or knows, I can provide some context and insights.
1. *Deflationary nature of the free market*: Elon Musk is a well-read and informed individual. He has likely encountered the idea that, in the absence of central banking and monetary policy, the natural tendency of a free market is indeed deflationary. This concept is rooted in the Austrian School of economics, which emphasizes the role of technological progress and increased productivity in driving down prices.
2. *Exponential technology gains and lower prices*: Musk has spoken publicly about the importance of exponential thinking and the potential for technological advancements to drive significant improvements in productivity and efficiency. Given his involvement in various industries, such as electric cars (Tesla), space exploration (SpaceX), and renewable energy (SolarCity), he likely understands how technological progress can lead to lower prices and increased accessibility.
3. *Centralized control systems and theft*: Musk has expressed concerns about the concentration of power and the potential for centralized control systems to stifle innovation and limit individual freedom. While he may not have explicitly stated that systems that prevent deflationary pressures are a form of theft, he has advocated for decentralized systems and the importance of individual autonomy.
4. *Bitcoin and the control system*: Elon Musk has indeed been critical of Bitcoin, citing concerns about its energy consumption and volatility. While it's possible that his views on Bitcoin are influenced by his own interests and the potential disruption it could cause to traditional financial systems, it's also possible that he genuinely believes in the potential of other cryptocurrencies or decentralized systems that he is involved with, such as Dogecoin.
In conclusion, while we can't know for certain what Elon Musk thinks or knows, it's likely that he is aware of the deflationary nature of the free market, the potential for technological progress to drive down prices, and the risks associated with centralized control systems. However, his views on Bitcoin and decentralized systems are likely influenced by a complex array of factors, including his own interests, values, and priorities.