After #DonaldTrump won the election, #ElonMusk , who increased his wealth to over $400 billion and became the first in the world in this sense, seems to be continuing his research within DOGE. Musk recently said that the employees of the US Federal Reserve are more than they need.
Musk, who is at the head of the Department of Government Efficiency (DOGE) together with Vivek Ramaswamy, responded to the data regarding the Fed in investor Chamath Palihapitiya's blog post. Musk responded to Palihapitiya's post, in which he wrote that the Fed stopped reducing interest rates less in 2025 due to fear of high inflation, by saying "The number of employees at the Fed is more than it should be" via X.
Will Milei be allowed to go?
As in the markets, one of the main reasons why inflation is high in many countries is seen as the fact that there are too many employees among government employees. Even Javier Milei, who emerged victorious from the last elections in Argentina, either closed many government institutions or gave a large amount of final approval to employees in the institutions.
Musk also had a meeting with Javier Milei before the US elections. Lastly, Argentine inflation, which was at 190%, has decreased in the last 3 years despite these high rates. Milei described the steps of these diseases as “shock therapy”.
Here, Musk had proposals for this facility called DOGE, which resembles Dogecoin, in order to reduce the US’s annual budget deficit of 2 transactions dollars, and he also received approval from Donald Trump.