Elon Musk, CEO of several tech companies, recently criticized the U.S. government’s automated payment systems, calling them “magic money computers” that create payments “out of thin air.” He claimed these systems cause a disconnect between reported government spending and actual fund disbursement. Musk highlighted 14 such automated systems within the U.S. Treasury and other federal agencies, which can issue payments without needing traditional approval or verifiable justification. Continues…
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