{"id":2667,"date":"2024-11-14T14:16:42","date_gmt":"2024-11-14T14:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2667"},"modified":"2024-11-14T14:16:42","modified_gmt":"2024-11-14T14:16:42","slug":"elon-musk-says-excess-government-spending-causes-inflation-as-donald-trump-fills-administration-with-cryptocurrency-advocates","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2667","title":{"rendered":"Elon Musk Says Excess Government Spending &#8216;Causes Inflation&#8217; As Donald Trump Fills Administration With Cryptocurrency Advocates"},"content":{"rendered":"<div>\n<p><strong>Elon Musk<\/strong> weighed in on excessive government expenditure as a major driver of inflation amid <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41964758\/trumps-attorney-general-pick-matt-gaetz-once-proposed-collecting-federal-income-taxes-in-bitcoin-apart-from-co-sponsoring-bill-to-abolish-the-fed\"><strong>Donald Trump<\/strong>\u2018s cabinet appointments<\/a> spelling potentially good news for the cryptocurrency industry.<\/p>\n<p><strong>What Happened: <\/strong>In a <a href=\"https:\/\/x.com\/elonmusk\/status\/1856937215483396537\">post<\/a> on <strong>X<\/strong> on Thursday, Musk stated that \u201call government spending is taxation,\u201d either direct or indirect via inflation. <\/p>\n<p>In a related exchange, Shibetoshi Nakamoto, the creator of <strong>Dogecoin<\/strong>, <a href=\"https:\/\/x.com\/BillyM2k\/status\/1856705726057718083\">criticized<\/a> the government&#8217;s financial practices, noting that the government has spent an average of $2 trillion more annually than it earns over the past eight years.<\/p>\n<p>\u201cAny company that ran like that would fail,\u201d Nakamoto stated, reflecting the broader dissatisfaction over fiscal policy within the crypto community.<\/p>\n<p><figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.benzinga.com\/events\/digital-assets\/\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"250\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/03\/29155259\/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif\" alt=\"Benzinga Future of Digital Assets conference\" class=\"wp-image-270548\"><\/a><\/figure>\n<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41951069\/dogecoins-flat-inflation-is-a-feature-not-a-bug-says-elon-musk\">Dogecoin\u2019s &#8230;<\/a><\/strong><\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41973094\/elon-musk-says-excess-government-spending-causes-inflation-as-donald-trump-fills-administr\" alt=\"Elon\" musk says excess government spending inflation as donald trump fills administration with cryptocurrency advocates>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk weighed in on excessive government expenditure as a major driver of inflation amid Donald Trump\u2018s cabinet appointments spelling potentially good news for the cryptocurrency industry. What Happened: In a post on X on Thursday, Musk stated that \u201call government spending is taxation,\u201d either direct or indirect via inflation. In a related exchange, Shibetoshi [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2667","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2667"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2667\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}