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If Musk aims to save trillions, he’s doing it wrong: Yellen

If Musk aims to save trillions, he’s doing it wrong: Yellen

America’s former Treasury secretary Janet Yellen speaks candidly about Trump, getting DOGED, choosing economics and why she’s an inveterate planner.

Economist Richard Holden with former US Treasury secretary Janet Yellen at Icecbergs in Bondi. Louie Douvis

Janet Yellen is quietly furious with Elon Musk. She is “very disturbed” by what he’s doing to the Internal Revenue Service, firing auditors who were just hired to tackle the trillions being lost to tax avoidance.

Anybody who’s serious about wanting to reduce America’s $US2 trillion ($3.1 trillion) budget deficit would not fire the enforcement staff: “That is a no brainer”.

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Richard Holden
Richard HoldenEconomics professorRichard Holden is Scientia Professor of Economics at UNSW Business School. Connect with Richard on Twitter.

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Original URL: https://www.afr.com/policy/economy/lunch-with-the-queen-of-economics-20250317-p5lk38