Now it will not be inflation but it will become the world’s biggest problem! Elon Musk’s prediction created a stir

The world’s richest industrialist and famous for his outspoken statements, Elon Musk has once again given such a sensational statement which has put economists and scientists all over the world into deep thought. Musk clearly believes that within the next 10 years our entire economy and the way the world is going will change completely.

His shocking claim is that by the year 2036, money will have no value or importance left. Let us know in detail why Elon Musk thinks like this and how Artificial Intelligence (AI) is going to change our entire world forever.

After all, why will money become completely useless by 2036?

According to Elon Musk, owner of giant companies like Tesla and SpaceX, the value of money or currency in the world remains intact only as long as there is a severe shortage of goods and services in the market. In the future, if Artificial Intelligence and robots together produce such a bumper quantity that humans cannot even imagine, then every essential thing will be available very easily and in more quantity than required. When every good and every service will be available to humans either absolutely free or at negligible cost, then humans will have no need of money left. This is the biggest reason why Musk believes that by the year 2036 this entire money system will become completely irrelevant.

Deflation, not inflation, will be the world’s real challenge in the future.

It is generally believed till date that inflation will remain the biggest and scariest problem of human beings in the future. But Elon Musk’s economic mathematics is completely different in this matter. He says that with the help of AI, the production of things in the world will increase at such a pace that everything will continue to become cheaper. In the language of economics, this situation is called deflation. Musk clearly believes that in the coming days, not inflation but the continuous decline in the prices of goods and services will emerge as a new and big economic challenge.

Will governments send money directly to people’s accounts?

When this question came up during this special interview that if humans lose their jobs in the future due to AI, then how will their lives continue? On this, Elon Musk presented a very interesting and unique solution. He suggested that the country’s treasury or governments should issue checks directly into people’s bank accounts, that is, give a fixed amount to every citizen without any work. When he was asked whether doing so would not increase inflation in the market, Musk replied boldly that when the production of goods would increase to a record level, then in such a situation even printing new money would not increase inflation.

Musk also has fear in his mind regarding this power of AI.

Despite showing such a wonderful and beautiful technological picture of the future, Elon Musk himself is not completely worried about Artificial Intelligence. He has openly admitted that his mind and thoughts about AI keep changing every day. Sometimes they feel immense hope and happiness from this technology, and sometimes they feel extremely scared after seeing its dire consequences. They fully believe that this technology is so powerful that it can prove to be a big threat to the entire human race in the future.

AI will surpass humans in the coming 5 years

Along with this, Musk has also made this scary and surprising prediction that within the next 5 years, AI will become much faster and more intelligent than the total intelligence of all the humans in the world. He says that now it is not in anyone’s power to stop the development of this advanced technology and it is impossible. Therefore, now the debate should not be on whether AI should be stopped or not, but the real focus should be on how to make it completely safe so that it proves to be the biggest help to humans instead of destroying human civilization.