Elon Musk: “The only thing that can solve for the debt situation is [AI…”

“And that's at least in the short term, going to continue to increase. So I think actually The only thing that can solve for the debt situation is [AI and] Robotics. But it will more than it might cause, I guess it probably would cause significant deflation, because deflation or inflation is really the ratio of goods and services produced to the change in the money supply.” (48:18)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.