"It is time to carve this government back in size and scope," the Silicon Valley investor said during a recent appearance on Joe Rogan's podcast. He emphasized the need for cutting down the overall tax load, highlighting the roles of independent federal agencies that scrutinize various industries.
Andreessen criticized independent federal agencies such as the SEC, FTC, and CFPB, arguing they wield too much "raw administrative power" over industries like crypto and fintech, which he feels stifles innovation.
He pointed to Musk's direct business approach as a model for government accountability, suggesting that federal employees should be held to similar standards of productivity and results.
The investor also mentioned how multiple founders in his portfolio have been targeted by the CFPB since its establishment in 2010, illustrating his concerns about regulatory overreach.
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