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Reading: Elon Musk shoots down ‘wrong-headed financial pondering,’ says there’s ‘infinite potential’ for job creation
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The Wall Street Publication > Blog > Economy > Elon Musk shoots down ‘wrong-headed financial pondering,’ says there’s ‘infinite potential’ for job creation
Economy

Elon Musk shoots down ‘wrong-headed financial pondering,’ says there’s ‘infinite potential’ for job creation

Editorial Board Published December 25, 2024
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Elon Musk shoots down ‘wrong-headed financial pondering,’ says there’s ‘infinite potential’ for job creation
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Rep. Invoice Huizenga, R-Mich., discusses DOGE’s affect on Congress and Elon Musk’s position in Trump’s White Home on ‘Varney & Co.’

Billionaire enterprise tycoon Elon Musk shot down a shortage mindset and steered that there’s mainly limitless potential for creating jobs and companies.

“The ‘fixed pie’ fallacy is at the heart of much wrong-headed economic thinking. There is essentially infinite potential for job and company creation. Think of all the things that didn’t exist 20 or 30 years ago!” Musk declared in a publish on X.

Musk’s remark was in response to a publish from entrepreneur Joe Lonsdale who had talked about Sriram Krishnan – who President-elect Trump lately tapped for a task in his upcoming administration. Final month, Krishnan advocated for lifting a cap on inexperienced playing cards when replying to a publish of Musk’s relating to the Division of Authorities Effectivity, a brand new physique that Musk will lead alongside businessman Vivek Ramaswamy.

“Anything to remove country caps for green cards / unlock skilled immigration would be huge,” Krishnan tweeted. In one other publish Krishnan added, “simple logic – we need the best, regardless of where they happen to be born (another bizarre quirk – the country cap is where you were born, not even citizenship).”

TRUMP NAMES SEVERAL NEW WHITE HOUSE PICKS TO WORK ON AI, CRYPTO AND MORE: ‘AMERICA FIRST PATRIOTS’

Elon Musk arrives on Capitol Hill on Dec. 5, 2024, in Washington, D.C. (Anna Moneymaker/Getty Photographs)

David Sacks, who Trump tapped for White Home AI and cryptocurrency czar, mentioned Krishnan’s view in a publish this week. 

ELON MUSK AND VIVEK RAMASWAMY POINT TO DOGE TARGETS

'NOW HIRING' sign

A Miami, Florida, enterprise trying to rent employees on Could 5, 2023. (Joe Raedle/Getty Photographs)

“Sriram still supports skills-based criteria for receiving a green card, not making the program unlimited. In fact, he wants to make the program entirely merit-based,” Sacks wrote in a part of his publish.

“Makes sense,” Musk replied.

CRYPTO INDUSTRY CELEBRATES TRUMP APPOINTING DAVID SACKS AS AI, CRYPTO ‘CZAR’ TO LEAD INDUSTRY INNOVATION

Elon Musk and Donald Trump

President-elect Trump and Elon Musk watch the launch of the sixth check flight of the SpaceX Starship rocket on Nov. 19, 2024 in Brownsville, Texas. (Brandon Bell/Getty Photographs)

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Trump introduced this month that Krishnan is his choose for senior coverage adviser for synthetic intelligence on the White Home Workplace of Science and Know-how Coverage.

“Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in A.I., and help shape and coordinate A.I. policy across Government, including working with the President’s Council of Advisors on Science and Technology,” Trump famous in a publish on Fact Social.

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