Tesla and SpaceX CEO Elon Musk slammed President Joe Biden for setting the U.S. down a path similar to that of Venezuela’s and called Biden out for being an empty suit, saying that whoever “controls the teleprompter” is "the real President." [tweet_embed] May 20, 2022[/tweet_embed] “The path to power is the path to the teleprompter,” Musk said in a podcast released on Monday. “I do feel like if somebody were to accidentally lean on the teleprompter, it’s going to be like Anchorman,” said Musk, referring to the 2004 Will Ferrell Comedy where the main character, news anchor Ron Burgundy, reads anything that is written on the teleprompter. “This Administration doesn’t seem to get a lot done,” Musk continued. “The Trump Administration, leaving Trump aside, there were a lot of people in the Administration who were effective at getting things done.” He also said that the cause for inflation was “obvious,” saying that “a zillion” dollars have been printed. [tweet_embed] May 20, 2022[/tweet_embed] “I mean, the obvious reason for inflation is that the government printed a zillion amounts of more money than it had, obviously,” he said when asked about Amazon founder Jeff Bezos’s claim that the White House was using misdirection to “muddy the topic” of inflation. “So it’s like the government can’t just, you know, issue checks far in excess of revenue without there being inflation, you know, velocity of money held constant,” Musk added. “If the federal government writes checks, they never bounce. So that is effectively the creation of more dollars. And if there are more dollars created, then the increase in the goods and services across the economy, then you have inflation, again, velocity of money held constant.” “If the government could just issue massive amounts of money and deficits didn’t matter, then, well, why don’t we just make the deficit 100 times bigger? The answer is, you can’t because it will basically turn the dollar into something that is worthless,” he continued. “Various countries have tried this experiment multiple times,” Musk said. “Have you seen Venezuela? Like the poor, poor people of Venezuela are, you know, have been just run roughshod by their government.” “It’s hard to tell what Biden is doing to be totally frank,” Musk said on a podcast recorded Monday evening during the All-In Summit with Chamath Palihapitiya, Jason Calacanis, David Sacks and David Friedberg. [tweet_embed] May 20, 2022[/tweet_embed] “The real President is whoever controls the teleprompter. The path to power is the path to the teleprompter. I do feel like if somebody were to accidentally lean on the teleprompter, it’s going to be like ‘Anchorman,’ ” Musk added, referring to the 2004 film about a news anchor who will read anything written on the teleprompter even if it ruins his career.