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In July twenty twenty-six Elon Musk
sat down with The Economist and

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predicted that ten years from
now money will stop mattering.

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His logic is clean - money
is a claim on scarce things,

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so if nothing stays scarce,
the claim quietly loses its meaning.

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He expects artificial
intelligence to exceed

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the sum of human
intelligence in five years,

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leaving nothing it cannot
do better than we can.

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But thinking alone moves nothing,
so the plan needs hands -

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enough humanoid robots
turning intelligence

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into what he calls
a quasi infinite economy.

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Those hands have not arrived -

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in January he admitted no robot
was yet doing useful work,

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and the assembly line
starts only this summer.

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Still, he says work becomes optional,

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like growing tomatoes at home when
the shop already sells better ones,

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labor kept purely for pleasure.

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His precedent is real - the word
computer once named a person,

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and from nineteen thirty-five a lab hired

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hundreds of women to calculate by hand.

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But those computers did
not retire into gardening,

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they taught themselves to program
the machine that replaced them,

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and not everyone got that chance.

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Displacement is measurable -

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payroll data on millions of workers
shows twenty-two to twenty-five

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year olds down thirteen percent
in the most exposed jobs.

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Asked how people eat meanwhile,

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he answered that the Treasury
should simply issue checks,

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and predicted the result would be
deflation rather than inflation.

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America has run that experiment -
between eighteen seventy-three and

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eighteen ninety-six output grew
while wholesale prices fell a third,

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and it ended in political revolt.

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Six weeks earlier
his rocket company raised

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seventy- five billion
dollars of that money,

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and deflation never bills
the lender, it bills whoever owes.