What coverage of the Tesla-Hertz hookup overlooked was a massive capital misallocation epidemic present in the economy created by ultra-cheap debt, zero interest rates, and moral hazard. It is, essentially, a plague on society of which Tesla has become the poster child.

As a result, fraud and sociopathy have been allowed to fester, with the wild history of Elon Musk still the most glaring example. Musk has committed securities fraud on multiple occasions. But uncomfortable revelations about the world’s wealthiest man are largely ignored. Musk’s backers — who appear to include regulators and much of the US establishment — don’t want to know about them. They’re desperate to greenwash his offences so they can protect their investments in Musk’s growing empire that, if authorities did their jobs properly, would have likely “gone to zero”.

To illustrate Musk’s “dark side”, and the dire consequences of propping up zombie corporations like Tesla, look no further than who we now call upon to answer complex societal problems. Consider four horsemen of the cheap money apocalypse — Elon Musk, ARK Invest CEO Cathie Wood, and two major Bitcoin advocates Michael Saylor and Jack Dorsey — discuss hyperinflation.

Here are four of the biggest beneficiaries of bailout capitalism, whose wealth, fame, and theories have been propped up, multiple times, by the Fed’s absurd interventionist policies, offering the worst thinking imaginable. “Three people who don’t understand either inflation or QE,” economist Frances Coppola said, “are very happy to pontificate about these to their millions of followers.”