Billionaire entrepreneur Elon Musk dismissed the 'fixed pie' fallacy in economic thinking, asserting that there is essentially infinite potential for job and company creation. He highlighted advancements that didn't exist 20 or 30 years ago as evidence. This statement followed a discussion spurred by Sriram Krishnan, appointed by President-elect Trump as a senior policy advisor for artificial intelligence. Krishnan advocated for removing caps on green cards to unlock skilled immigration.
Billionaire business tycoon Elon Musk shot down a scarcity mindset and suggested that there is basically unlimited potential for creating jobs and businesses. "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 post on X.
Trump announced this month that Krishnan is his pick for senior policy adviser for artificial intelligence at the White House Office of Science and Technology Policy. "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 noted in a post on Truth Social.
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