Elon Musk dismisses ‘flawed economic thinking’, says there is ‘endless potential’ for job creation

Billionaire business tycoon Elon Musk they overthrew scarcity thinking and suggested that, at its core, there was unlimited potential for job and business creation.

“The ‘fixed pie’ fallacy is at the root of much flawed economic thinking. There is essentially endless potential for creating jobs and companies. Think of all the things that didn’t exist 20 or 30 years ago!” Musk announced in an X post.

Musk’s comment was in response to a post by entrepreneur Joe Lonsdale, who mentioned Sriram Krishnan – who President-elect Trump recently tapped for a role in his incoming administration. Last month, Krishnan advocated lifting the green card cap when he responded to a post by Musk about the Department of Government Efficiency, a new body that Musk will lead with businessman Vivek Ramaswamy.

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

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Elon Musk arrives on Capitol Hill on December 5, 2024. in Washington, DC (Anna Moneymaker/Getty Images)

David Sachs, whom Trump chose to be the AI ​​in the White House and cryptocurrency kingdiscussed Krishnan’s point of view in a post this week.

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Businesses in Miami, FL looking to hire workers May 5, 2023. (Joe Riddle/Getty Images)

“Sriram still supports skills-based criteria for getting a green card without making the program unlimited. In fact, he wants to make the program entirely merit-based,” Sacks wrote in part of his post.

“Makes sense,” Musk replied.

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

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Trump announced this month that Krishnan was his pick for senior policy adviser on artificial intelligence in the White House Office of Science and Technology Policy.

“Working closely with David Sachs, Shriram will focus on ensuring America’s continued leadership in AI and help shape and coordinate AI policy across government, including working with the President’s Council of Advisors on Science and Technology.” , Trump noted in a post on Truth Social.