GrumpyRabbit on Nostr: Ultimately, it's the expansion of the money supply that causes inflation. That said, ...

Ultimately, it's the expansion of the money supply that causes inflation. That said, given the causal relationships involved (government spending <==> government borrowing <==> fiat money creation,) Elon is correct in context.

Here's the reason why, in greater detail => https://grumpyrabbit.substack.com/p/the-coming-us-government-financial

Elon's post => https://x.com/elonmusk/status/1860454020357193828