Elon Musk shared Milton Friedman speech saying 'too much government spending’ causes inflation. His picks for protection

Real Estate as an Inflation Hedge - Real estate serves as a hedge against inflation, with rising costs of raw materials and labor increasing the price of new properties, subsequently driving up the value of existing real estate [1] - The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index has increased by over 50% in the last five years, indicating significant appreciation in property values [5] Investment Strategies - Elon Musk has advocated for owning physical assets like real estate or stocks during high inflation periods, suggesting that these investments are preferable to holding cash [1][2] - Crowdfunding platforms such as Arrived and Mogul allow average Americans to invest in rental properties with lower capital requirements and without the burdens of property management [7][8] Economic Commentary - Milton Friedman attributed inflation primarily to excessive government spending and money creation, emphasizing that inflation is fundamentally a product of government actions [3] - The inflation rate peaked at 9.1% in June 2022, marking a 40-year high, driven by factors such as increased consumer spending and supply chain disruptions [4] Stock Market Insights - Billionaires have seen their wealth increase by $3.3 trillion since 2020, growing at a rate three times faster than inflation, largely due to their investments in companies that can pass on costs to consumers [13][14] - Trading platforms like Public enable everyday investors to buy fractional shares, making stock market participation more accessible [15]