The key facts
- Elon Musk said the US national debt problem can be solved only with the help of AI and robots
- In his view, the Earth's economy could grow a millionfold, and money would become 'irrelevant'
- The US national debt has approached the $40.4 trillion mark, according to the Treasury Department
Musk proposed a technological solution to the debt problem
American entrepreneur, Tesla and SpaceX founder Elon Musk said that the US will be able to solve the problem of its record-high national debt only through the use of artificial intelligence technologies and robots. This was reported by Business Insider, which Gazeta.Ru cites.
The role of the president and political difficulties
According to Musk, if US President Donald Trump made reducing the national debt his main goal, this could be achieved with the help of AI. However, the entrepreneur noted, the problem is that attempts to deal with the budget shortfall and stop wasteful spending lead to the point where 'you make a lot of enemies.'
A prediction about the future of money
'If you have robots, and you reach space, and you can achieve, potentially, an Earth economy a million times larger. Ultimately, this could lead to money becoming irrelevant,' Musk said. He suggested that money will not disappear, but will be measured in such quantities as power, tonnage, mass, and energy.
The scale of the debt
According to the US Treasury Department, the country's national debt has approached the $40.4 trillion mark. Gazeta.Ru also notes that earlier, Russia's national debt hit a record low.
