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Everything revolving around Musk seems fishy to me. His Tesla and Solar companies are harvesting government subsidies and he writes a half-baked technical paper
by dmfdmf 11y ago
Everything revolving around Musk seems fishy to me. His Tesla and Solar companies are harvesting government subsidies and he writes a half-baked technical paper on hyperloop and suddenly there is money to spend on this boondoggle too. Something just doesn't add up (like Enron or Worldcom from a few years back) and I suspect that Musk and/or associated companies are (willing or unwilling) fronts for the FED to directly push money into the economy. The problem the FED has is that lowering the interest rates no longer works to boost the economy once you are at zero and they still need/want inflation to recover from the mortgage bust. I'd bet that there are academic papers on how to deal with ZIRP when you need to inflate that advocate such direct funding policies.