Source: EconLog
by Richard McKenzie
“Elon Musk and Vivek Ramaswamy, co-chairs of President-Elect Donald Trump’s Department of Government Efficiency (DOGE) initiative, intend to reduce federal spending by $2 trillion (over an undisclosed time period), along with a substantial reduction in the federal workforce. Musk, Ramaswamy, and their army of unpaid volunteer cost-cutters will likely fall miserably short of their admirable goals — for reasons that have been developed among public-choice economists over decades. To those who doubt my pessimism: Good Luck!” (01/15/25)
https://www.econlib.org/to-the-cost-cutting-enthusiasts-good-luck/