I’ve had a similar thought, though not quite to hyperinflation levels where people are burning piles of $1,000 bills to keep warm or anything. But say he reduced the value of a dollar a hundredfold: suddenly people saving for retirement with a million out two dollars would have the equivalent of ten or twenty thousand. Meanwhile, Elon would still have the equivalent of a couple billion dollars. Everyone would be poor except the ultra rich. That would enable big business to compete with China in terms of wages paid, which is the only real way to bring manufacturing back to the US. Seen that way, making America great again is about making it a manufacturing base again by turning the whole country into sweatshop laborers.
I’ve had a similar thought, though not quite to hyperinflation levels where people are burning piles of $1,000 bills to keep warm or anything. But say he reduced the value of a dollar a hundredfold: suddenly people saving for retirement with a million out two dollars would have the equivalent of ten or twenty thousand. Meanwhile, Elon would still have the equivalent of a couple billion dollars. Everyone would be poor except the ultra rich. That would enable big business to compete with China in terms of wages paid, which is the only real way to bring manufacturing back to the US. Seen that way, making America great again is about making it a manufacturing base again by turning the whole country into sweatshop laborers.