Elon Musk has predicted that money will no longer matter by 2036, expecting unprecedented abundance of goods and services generated by artificial intelligence and robotics. This declaration was made during an 85-minute interview with Zanny Minton Beddoes, editor-in-chief of The Economist, at his Texas Gigafactory. The Tesla and SpaceX CEO argues that if robots and AI produce more than humans can consume, currency loses all meaning. He claims that inflation depends solely on the balance between money supply and production, and that AI could generate deflation rather than inflation. Several observers have pointed out, however, that certain resources will inherently remain limited, such as unique artworks or rare real estate properties.
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