On Tuesday night, November 12, President-elect Donald Trump announced that X/Tesla CEO Elon Musk will head a new “Department of Government Efficiency” along with MAGA businessman Vivek Ramaswamy.
Musk is telling Trump that the person he nominates for U.S. Treasury secretary should not be someone who favors “business as usual.” But the conservative Wall Street Journal editorial board, in an editorial published on November 17, emphasizes that “disruption” at the U.S. Treasury Department could be risky and dangerous for the country’s economy.
The WSJ editorial board argues, “Our concern isn’t personalities so much as Mr. Musk’s apparent belief in economic-policy disruption for its own sake. Treasury isn’t the Education Department, or Defense, and financial markets don’t want to trade one form of policy uncertainty for another. Steady and knowledgeable economic policy hands are needed if Mr. Trump wants to succeed.”
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Article URL : https://www.alternet.org/elon-musk-wsj-treasury-dept/