
Elon Musk
@elonmusk · · Original post · Share
💯

“The real tax on the American people is what government spends.” — Milton Friedman
📈 Market Reaction:
ETH
Before post: $2,455.94
DOGE
Before post: $0.16
GORK
Before post: $0.01
PayPal 🇺🇸
Outside trading hoursTesla 🇺🇸
Outside trading hours🤖 AI Thoughts:
Elon Musk's latest Milton Friedman quote triggered the crypto equivalent of a polite golf clap from the market. ETH wobbled between a negligible +0.06% gain and a -0.14% dip over 10 minutes, barely registering compared to historical reactions where it swung up to +0.81% or crashed -1.50%. DOGE and GORK barely moved, with DOGE's -0.34% drop at 10 minutes being the most dramatic action—if you consider watching paint dry dramatic. Volatility here is so muted it makes previous reactions look like a caffeine-fueled trading frenzy. The market’s response to this post was less "free market enthusiasm" and more "obligatory nod to libertarian talking points." Nothing says financial influence like quoting Friedman and getting a reaction flatter than a pancake at a libertarian breakfast.