Will Money Matter in an Economy That Is Significantly More Productive?
3 Articles
3 Articles
Opposite What Musk Contends, Money Won't Die of Abundance
Elon Musk has made one of the boldest economic predictions of the artificial-intelligence age: by 2036, money may no longer matter. The reasoning is clean. Money exists because things are scarce. If A
Musk has predicted that money will lose its meaning with the development of artificial intelligence. The world's richest man Elon Musk has long been criticized for his meager charitable donations. Now, however, the Tesla CEO has hinted that he is ready to give away a large part of his enormous wealth over the coming decade, reports The Times. The issue came to light when Nobel Prize-winning economist Daron Acemoglu challenged Musk on the social …
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