A Policy Lesson from Elon Musk
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 17 November 2021
⏱️ 9 minutes
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| 0:00.0 | This is the Cato Daily Podcast for Wednesday, November 17th, 2021. |
| 0:07.0 | I'm Caleb Brown. |
| 0:08.0 | The order in which we do policy matters. |
| 0:10.5 | Eli Durato of the Center for Growth and Opportunity explains how state and |
| 0:13.9 | federal agencies and lawmakers can take a page from Elon Musk in thinking about how |
| 0:18.8 | to get that order right. |
| 0:20.3 | Yeah, Elon Musk, you know, is a is a manufacturing genius, right, in a way, right? |
| 0:26.2 | Like, like what he has done is both of his major companies, Tesla and SpaceX, |
| 0:31.5 | where they have excelled is in ramping up this you |
| 0:35.2 | know manufacturability of their products and so so with both the |
| 0:40.6 | Model 3 and with the |
| 0:43.4 | Starship program at SpaceX they are trying to put out you know put out you know put out a lot of hardware and so he has sort of landed upon a specific you know five step |
| 0:59.6 | process that he says you know over and over again has to be completed in order and so the idea is you know start with the |
| 1:06.4 | requirements can you make the requirements of engineering requirements less dumb then work very |
| 1:12.0 | very hard to delete a bunch of parts and processes and, and, you know, even |
| 1:17.3 | go so far as to make mistakes sometimes because if you're not, he says if you're not, |
| 1:20.9 | occasionally putting parts back in and you're not deleting enough. |
| 1:24.9 | And then you simplify and optimize the design and then you accelerate the cycle time, try to get |
| 1:30.8 | everything to happen faster, And then finally you automate. |
| 1:34.4 | And what's interesting is that Elon says his tendency, |
| 1:37.3 | you know, a mistake that he's made multiple times |
| 1:40.4 | is to go in reverse, to start with the automation, then try to accelerate it, then try to |
... |
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