Tech giant Elon Musk gave some practical insight on the state of the economy during the COVID-19 pandemic as he chatted on Joe Rogan’s podcast. Musk was critical of the government’s response to the coronavirus, detailing how simply handing out stimulus checks will not help out the economy in the long run. By trying to increase consumer spending, while also put a pause on production, it will create a mismatch in product demand in the future. It’s a hard truth, but the Space X mogul made a solid point.
Key Takeaways:
- Elon Musk had warned Joe Rogan that we can’t stop production because it will hurt countries who are impoverished.
- Elon warned against socialist policies that believe you can just give out checks and everyone will be fine.
- The warning from Elon is a good reminder of the simple fact that if we do not making things then we will run out of resources.
“our economic policies throughout the COVID-19 pandemic have ignored that simple truth”
Read more: https://fee.org/articles/elon-musk-s-economic-truth-bomb-to-joe-rogan/
Kurt has gone from the financial lows of the ’08 financial crisis to personal financial success. He is a professional real estate investor, media buyer, faithful Red Sox Fan.
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