- Elon Musk claimed 14 computers at the Department of Treasury and other government agencies just “send money out of nothing” during a podcast appearance with Sen. Ted Cruz (R-Texas) on Monday. He appeared to be criticizing the government’s bookkeeping, though it’s worth noting the government can, in fact, print money at little to no cost.
Elon Musk said it’s “insane” the U.S. government has computers that can just “make money out of thin air.” Ever since America fully abandoned the gold standard in 1971, however, international finance has depended on just that.
