Elon Musk, the billionaire entrepreneur, has dismissed what he calls “wrong-headed economic thinking” by suggesting there is “infinite potential” for creating jobs and businesses. Musk’s critique centers on the fallacy of a “fixed pie” in economics, where the assumption is that economic resources are limited and must be divided among the population.
In a post on X, Musk stated, “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!”
His comments were in response to entrepreneur Joe Lonsdale’s mention of Sriram Krishnan, who has been tapped by President-elect Trump for a role in the upcoming administration. Krishnan had previously advocated for lifting the cap on green cards to unlock skilled immigration, a policy that aligns with Musk’s vision for expanding economic opportunities.
Musk’s perspective challenges the traditional economic theories which often emphasize scarcity and competition for existing resources rather than the creation of new opportunities. His argument suggests that innovation and entrepreneurship can break the mold of traditional economic constraints, fostering an environment where new jobs and businesses can be created without being limited by current market conditions.
This viewpoint was further highlighted when Musk discussed the need for merit-based immigration policies. Krishnan himself has supported skills-based criteria for green card allocation, emphasizing that the best talent should be attracted to the U.S. regardless of their country of origin. Musk’s support for such policies aligns with his belief in an economy where growth is not zero-sum but can be expansive, driven by human ingenuity and innovation.
Musk’s comments also resonate with his involvement in multiple industries where he has not only created jobs but also significantly transformed sectors like automotive, aerospace, and now social media through his various ventures like Tesla, SpaceX, and X. His approach underscores a belief in an economy where new sectors can emerge, offering new employment opportunities.
By challenging the notion of a static economic pie, Musk advocates for a dynamic economic model where growth is perpetually possible through technological advancement and entrepreneurial ventures. This perspective has sparked discussions among economists, policymakers, and the public on how to view economic development and job creation in a rapidly changing global landscape.
Article generated from corporate media reports.
From the Editor: The Double Slipper Slopes
On the surface, this infinitely inclusive rhetoric sounds appealing. It removes limits to the potential for prosperity and who wouldn’t want that?
Well, actually, a lot of people wouldn’t want it for many reasons and greed isn’t one of them. This sounds very close to embracing the notion of Modern Monetary Theory in which money is uncapped and therefore even more worthless than the fiat monetary system we have in place today. And while Musk does not openly promote and would likely never overtly embrace the destructive theory, it’s an inescapable conclusion if policies were to enable his vision.
To be clear, I’m not suggesting that Musk is trying to bring about the destruction of our economy through Modern Monetary Theory any more than I would suggest that he’s calling for open borders with his idea of allowing uncapped “skilled” immigration, but both are inevitable if his ideas were to manifest in large scale.
There’s about a 90% chance that these particular ideas are simply fanciful whimsy with no attempts at practical application. Then again, there’s a small chance that he’s setting us up for the fall by being a covert shill for the Globalist Elite Cabal.
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
Kamala Harris Says the American Dream Is “Gone”
by Modernity News
During a pre recorded interview, Kamala Harris once again failed to deliver any substantive outline of her policies, primarily attacking Donald Trump’s outlook and his first term in office. At one point when speaking about the economy, Harris appeared to suggest, in stark contrast to Trump, that the American Dream…
Gold Price Forecasts Skyrocket Following Moves by China and the Fed
by Sponsored Post
With the Federal Reserve beginning what most expect to be a sustained easing cycle, momentum continues to rise for gold and silver. Values have been steadily rising and the newest forecasts point to even more gains down the road. At the end of September, BMO Capital Markets published updated commodity…
Taxes and Tariffs and Trade: Oh My! Trump’s Plan to Bolster the Economy
by Just The News
In a bid to build a broader coalition, former President Donald Trump has outlined a vision of tax cuts, import tariffs, and “reciprocal trade” to preserve and restore American industries. Since coming down the escalator of Trump Tower in 2015, the Republican standard bearer has espoused unconventional trade policies and…
Expert Testimony: Mass Immigration Under Biden-Harris Is Driving Up Rents for Americans
by Breitbart
The arrival of millions of foreign nationals, many of whom are illegal aliens, under President Joe Biden and Vice President Kamala Harris is helping to drive up rents for working- and middle-class Americans, an expert witness told Congress Wednesday. Center for Immigration Studies Director of Research Steven Camarota told the…
This Year Marks First Since 1958 That Us Held No Oil and Gas Lease Sales
by Just The News
This year will be the first year since 1958 that the Bureau of Ocean Energy Management held no offshore oil and gas lease sales. Energy expert Alex Epstein, author of “Fossil Future,” argued at a recent House Budget Committee hearing the United States’ record-high oil production is in spite of…
Kamala’s Devastating Middle Class Taxes
by Independent Sentinel
With the election coming up, the IRS plans to reduce our taxes for 2025. it’s a common tactic to make it seem like they won’t tax us into oblivion once they return to office. CBS News: Some Americans could see lower federal income taxes in 2025 due to an annual…
Congress Passes Stop-Gap Spending Bill After Failed Mike Johnson Gambit
by Breitbart
Congress on Wednesday passed legislation that would fund the government through nearly the end of December. The House and the Senate passed a stop-gap spending bill that would push the government spending deadline to December 20. The measure, otherwise known as a continuing resolution (CR), keeps federal spending the same….
A ‘Bipartisan’ Bar Tried to Open in DC, Then Libs Cried That an Elephant Image Was ‘Hurtful.’
by The National Pulse
A new bar in Washington, D.C., whose political theme focused on bipartisan agreement and debate, succumbed to partisan pressure before the establishment could even serve its first drink. Originally billed as Political Pattie’s, the bar was flooded with complaints by liberals who said the establishment’s logo—specifically the Republican Elephant—was offensive…
Newsom Signs Bill Requiring Janitors to Take $200 Sexual Harassment Training
by Just The News
California Gov. Gavin Newsom signed a bill requiring companies that hire janitors to make sure janitors take sexual assault training every other year, and pay $200 per participant for sessions with under 10 janitors present, and $8 for sessions with 10 or more janitors. The bill also requires the government…
Biden-Harris Regime Prepares Another $8 Billion in Military Aid for Ukraine During Zelensky’s Washington Visit
by The Gateway Pundit
The Biden-Harris regime is once again prioritizing foreign interests over the well-being of American citizens, with plans to announce an eye-watering $8 billion in military aid for Ukraine during Ukrainian President Volodymyr Zelensky’s visit to Washington. This massive giveaway comes as Americans continue to face economic hardships, skyrocketing inflation, and…
‘Economic Dystopia:’ Silicon Valley Tycoon Predicts AI Will Take Over 80% of All Work
by Breitbart
Vinod Khosla, legendary Silicon Valley investor and entrepreneur, has predicted that AI will replace the majority of work in most jobs, necessitating the implementation of universal basic income (UBI) to prevent economic instability and inequity. Fortune reports that in a recent blog post, Vinod Khosla, the billionaire co-founder of Sun…
