DOGE Was a Chaos Factory With a Savings Byproduct: Justin Fox

In February, when Elon Musk’s Department of Government Efficiency was at the seeming height of its chain-saw-wielding power, participants on the betting market Kalshi briefly put the odds that Musk and President Donald Trump would cut federal spending by $250 billion or more in 2025 at higher than 50%. The betting odds that they would cut spending by $2 trillion — the amount Musk had floated at a Trump rally before the election in October — had peaked at 15.8% not long after the market was launched in November. Now both are in the low single digits, which still seems unreasonably ...