Elon Musk Highlights Thomas Massie’s Experiment Debunking Inflation Myths [WATCH]

Rep. Thomas Massie (R-KY) took a firm stance against reckless government spending during a heated exchange with Rep. Jamie Raskin (D-MD), arguing that inflation is a direct result of the federal government’s decision to print trillions of dollars out of thin air.

Speaking on the concept of monetary dilution, Massie pointed to the $5 trillion injected into the U.S. economy in recent years, explaining that increasing the money supply inevitably leads to the devaluation of the dollar.

“This is what happens when you have a quantity of something and then you add more to it. This is dilution,” Massie stated.

“The principle is so simple that a child can understand and you can create this little science project at home. Sorry, you can have your tea back, but the principle is called dilution. And when you print $5 trillion and you put it into the economy, you have diluted the value of the money.”

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Massie emphasized the real-world impact on wages, explaining that inflation has eroded workers’ earnings, even for those whose nominal pay has remained the same.

“For instance, if you had a minimum wage at some amount, and somebody was making minimum wage, and they were still making minimum wage after this money was printed, they actually are making considerably less in terms of real dollars. It’s dilution,” he said.

Massie dismissed alternative explanations for rising costs, such as supply chain disruptions or geopolitical conflicts, arguing that inflation is too widespread to be attributed to isolated factors.

“So the $5 trillion that we printed, I would argue, is the primary source of inflation,” he continued.

“You know, we can say, well, eggs went up because feed went up, fuel went up because there’s a war in Ukraine. You can find a lot of excuses for various different industries. But what is the probability that every price went up all at the same time? You can’t blame them on specific supply chain problems.”

Rep. Raskin then challenged Massie on global inflation trends, asking, “How do you explain the global…?” before Massie cut in with his response.

“Yes, I’m glad you asked me that, Professor Raskin, because they did the same thing in Europe. They did this everywhere,” Massie replied.

“They printed their own equivalents of the Federal Reserve and treasuries, created their own money out of thin air. It may be the only thing that saved our dollar—that everybody else did the same thing to their currencies.”

Massie then pointed to the looming debt ceiling debate, questioning why proponents of aggressive government spending were not advocating for more money printing if they truly believed it was a viable solution.

“You know, the question is, right now we’re coming up on the debt limit. Why? Why isn’t anybody proposing to print more money? Why aren’t the economists proposing to print more money?” he asked. “Because it is poison when you print money, it is poison to our economy.”

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— Elon Musk (@elonmusk) January 31, 2025

Massie’s remarks come amid growing concerns over inflation and government spending, with conservatives warning that continued fiscal irresponsibility will further erode the value of Americans’ hard-earned dollars.

As the debt ceiling deadline looms, the debate over how to address economic instability is only expected to intensify.

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