Elon Musk debunks ‘wrong economic thinking’, says there is ‘infinite potential’ for job creation


A multi-millionaire business tycoon Elon Musk he removed a scarcity mentality and suggested that there is basically unlimited potential to create jobs and businesses.

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

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

“Anything to remove country limits for green cards/unblock skilled immigration would be huge,” Krishnan wrote. In another post, Krishnan added, “simple logic: we need the best, regardless of where they were born (another weird quirk: the limit of the country is where you were born, not even citizenship).”

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Elon Musk

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

David Sacks, who Trump tapped for White House AI and cryptocurrency czarcommented on Krishnan’s opinion in a post this week.

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'HIRING NOW' sign

A Miami company is looking to hire workers on May 5, 2023. (Joe Raedle/Getty Images)

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

“Makes sense,” Musk replied.

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Elon Musk and Donald Trump

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

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Trump announced this month that Krishnan is his pick to serve as the top artificial intelligence policy adviser in the White House Office of Science and Technology Policy.

“Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in AI and help shape and coordinate AI policy across government, including work with the Council of Science and Technology Advisors on president,” Trump noted in a post on Truth Social. .



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