Part 5/15:
The Case for Deregulation and Fiscal Responsibility
Musk detailed the costly inefficiencies within government agencies, highlighting examples like fines for environmental regulations or unnecessary shark studies for space launches. He called for deregulation as a means to accelerate progress, citing historical deregulation efforts like Reagan’s in the 1980s that spurred economic growth.
He warned against spending beyond national means, emphasizing inflation as a hidden tax that erodes savings and devalues the currency. In his view, reducing government waste is not just feasible but essential for national survival.