Yesterday, the UK Daily Mail ran a story headlined, “
Elon Musk reveals DOGE has found 14 'magic money computers' that create cash 'out of thin air.’” Don’t bother. The gadgets are
not available on Amazon; I already checked.
“You may think that government computers all talk to each other,” the space billionaire told Senator Ted Cruz in a podcast interview this weekend. “That they
synchronize, that they add up what funds are going somewhere, and it’s, you know,
coherent. And that the numbers you’re presented as a Senator are the real numbers. But they’re not.”
Musk continued, “I call them magic money computers— any computer that can just make money out of thin air, that’s magic money. They’re mostly at Treasury, there’s some at HHS, there’s one at State, one at DoD. We’ve found 14 of them.”
“How does it work?” Senator Cruz asked. Musk answered, “It just issues payments!”
Progressive critics pounced, condemning the comment.
Musk is trying to undermine confidence in the Treasury! But they didn’t deny it, either. Not exactly. For example:
Of course, every new magic dollar created by the government fractionally dilutes the value of every existing dollar in our bank accounts, shaving a little bit off every time. In other words, magic-money-making is a
tax, in the form of inflation. A tax that pays for crowd favorites like
Ukrainian tanks, for the Russians to test their drones and missiles on, or worse, to be sold in the box in a Kiev farmer’s market to a South American drug cartel for pennies on the dollar.
But, contrary to progressives’ complaints, managing the money supply is
not supposed to work this way. The federal government is
supposed to issue debt whenever it increases the money supply, so that we can keep track of things.
The federal government is
not supposed to magically issue funny money payments.
I respectfully request one of those computers, strictly for altruistic research and compassionate personal purposes. They should be able to spare
one. I promise that, out of pure, selfless patriotism, I will only use it to pay my taxes.
Antarctic madness unfolds; DOGE exposes magic money printers; gold surges; a ‘peace’ think tank declares war (and loses); Trump’s DEI ban survives a lefty court challenge; and much more.
www.coffeeandcovid.com
