Elon Musk believes that artificial intelligence (AI) and robotics are the only solutions to the US debt crisis. In a recent conversation with investor Nikhil Kamath, Musk stated that productivity driven by AI and robotics is the key to solving the country’s fiscal problems.
The national debt in the US has reached $38.34 trillion, more than double its value a decade ago. However, Musk predicts that within three years, AI and robotics will boost economic output faster than inflation, leading to deflation and reducing the debt burden.
Musk’s vision is for a world where productivity is so high and goods and services are abundant that people don’t need to work to meet their basic needs. This “universal high income” could bring about significant changes in the global economy.
Other tech leaders also agree that AI has the potential to reshape the economy, but they caution that it may lead to job displacement and require adaptations from society. Some experts propose implementing a universal basic income to mitigate inequality. However, others warn that the benefits of AI will not be equally distributed, with some groups accumulating wealth at the expense of others.
As Musk’s vision for AI-driven productivity gains momentum, it remains to be seen whether his predictions come true and if the US debt crisis can be solved through increased efficiency and technological advancements.
Source: https://www.businessinsider.com/elon-musk-ai-fix-america-debt-crisis-inflation-2025-12