Peter Navarro, former trade adviser to Donald Trump in his first presidential administration, told Newsmax on Tuesday that Elon Musk is putting a “whole new spin” on cutting costs and reducing federal waste ahead of the president-elect’s second administration.
Trump has signaled a role for Musk in a government efficiency capacity, though nothing has been formalized yet. However, Navarro told “Carl Higbie FRONTLINE” that Musk is already putting an “AI spin” on combating inefficiency.
“Elon Musk is going to come in. He’s cut, I think, 80% of his staff at Twitter. And we haven’t noticed a difference; it’s probably better now,” Navarro said. “And the beauty of it, from an economist point of view, which is what I do, is it’s called a supply side shock. If we’re able to dramatically reduce government agencies and bureaucracies, that would be a supply side shock, which will cut down the costs of government and help control this inflation.
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