Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"

[everyonematters]

8. I agree.

"The basic idea is that higher unemployment leads to drops in consumer spending, which can slow economic activity and growth, which in turn leads to fewer hires, closing the recession circle."

He is taking too much demand out of the economy at once, and it doesn't have time to adjust. Same thing with the deportations.