Musk wants to create "New He Lian Sheng", while Trump embraces MMT down to earth.

The honeymoon period between the two parties is over, and it's not just the superficial 3B Big Beautiful Bill, but rather Musk's belief that MMT is suicidal.

MMT: Modern monetary theory, which translates directly to modern monetary theory, posits that debt is the source of "currency," rather than government credit or gold. As long as the government can maintain the issuance of currency and the payment of interest, it constitutes a new cycle of currency creation.

It is generally believed that MMT needs to be used in conjunction with UBI (Universal Basic Income, which is giving out money) so that everyone can benefit, and people will not care about the increase in debt.

So, this plane just started making noise like this:

Musk: The Great Beauty Act effectively abandons the debt ceiling, which will render the U.S. fiscal deficit irreparable.

Trump: The fiscal deficit is not important, as long as we borrow new to repay old debts, reach a consensus with China to solve inflation, the economy can run perpetually.

That's why Trump happily announced that the phone call with China was effective, but in Musk's view, it means Musk thinks that Trump is more than 2B.

Reasonable speculation suggests that, based on Trump's knowledge of economics, he probably doesn't even know what MMT is, but as soon as he hears about not having to repay the principal, the baby who has gone bankrupt six times instantly becomes interested.

I feel that if this thing really works, from Adam Smith to Marx, and then to Keynes, they would all want to see its quality🤣