Elon Musk says the “fixed pie” fallacy is at the heart of much wrong-headed economic thinking, and declares there is “essentially infinite potential for job and company creation.” The “fixed-pie” idea assumes there is a “fixed” amount of wealth in the world; if one person obtains more, he must take it from another person. Economist Dave Herbert from the American Institute for Economic Research shares his thoughts.
Elon Musk Criticizes the ‘Fixed Pie’ Fallacy
By NTD Newsroom