Elon Musk rejects “faulty economic thinking” and says there is “endless potential” for job creation

Billionaire businessman Elon Musk It dropped the scarcity mentality and suggested that there is essentially unlimited potential to create jobs and businesses.

“The ‘fixed pie’ fallacy is at the heart of a lot of faulty economic thinking. There is basically endless potential for job and business creation. Think of all the things that didn’t exist 20 or 30 years ago!” Musk announced in a post on X.

Musk’s comment was in response to a post from businessman Joe Lonsdale who mentioned Sriram Krishnan – who President-elect Trump He was recently tapped for a role in his next administration. Last month, Krishnan called for raising the cap on green cards when responding to a post by Musk regarding the Government Efficiency Administration, a new body that Musk will lead alongside businessman Vivek Ramaswamy.

“Anything to remove caps on green cards/open up skills migration would be huge,” Krishnan wrote on Twitter. In another post, Krishnan added: “Simple logic – we need the best, no matter where they were born (another weird thing – the country cap is where you were born, not even nationality).”

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David Sachs, Trump’s pick for artificial intelligence in the White House and Cryptocurrency czarDiscuss Krishnan’s point of view in this week’s post.

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

“That makes sense,” Musk replied.

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Trump announced this month that Krishnan is his choice for the position of senior policy advisor for artificial intelligence in the White House Office of Science and Technology Policy.

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