Musk Endorses Ron Paul for Federal Reserve Chairmanship
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Elon Musk advocates for former Congressman Ron Paul as the next Federal Reserve chairman.

Elon Musk, leader of the Department of Government Efficiency (DOGE), suggested on Monday that former Congressman Ron Paul (R-Texas) could be an ideal candidate for Federal Reserve Chairman. Responding to remarks by Turning Point USA founder Charlie Kirk, Musk took to social media to echo support for Paul, stating, “Great idea!” in response to Kirk’s assertion that Paul would excel in the role.

This endorsement marks Musk’s second public backing for Paul over the weekend. In another instance, Musk shared a post featuring the cover of Paul’s book End the Fed, alongside a comment from an X user, “Nothing can stop an idea whose time has come.”

Senator Mike Lee (R-Utah) also joined the discussion, encouraging his followers to express their support for Paul’s potential appointment. “Raise your hand if you’d like to see @RonPaul as Federal Reserve chairman,” Lee wrote, reinforcing growing advocacy for Paul’s leadership at the Fed.

On Sunday, Musk retweeted a quote from Paul that read, “Foreign aid is taking money from poor people in rich countries and giving it to rich people in poor countries.” Musk replied succinctly, “Yup,” further solidifying his alignment with Paul’s financial philosophies.

Paul, a longtime critic of the Federal Reserve, has consistently pushed for increased transparency and accountability within the institution. In his show, The Ron Paul Liberty Report, Paul outlined how auditing the Federal Reserve could reveal significant inefficiencies and questionable practices. “Auditing the private, run-for-profit Federal Reserve,” Paul has stated, “would expose how its money-lending practices and deliberate government overspending are driving the nation toward a second Great Depression.”

Time will tell whether President Donald Trump is receptive to the idea.

Ahead of the presidential election, Paul pledged his collaboration with Musk’s DOGE initiative to curb wasteful government spending. Musk, known for championing efficiency and reducing bureaucratic excess, has emphasized similar goals as part of the Trump administration’s reform efforts.

President Donald Trump’s reception to the idea remains uncertain. However, Musk’s endorsement has sparked conversations about the potential for reforming and increasing oversight of the Federal Reserve, a move that aligns with broader objectives of the administration to promote transparency and fiscal responsibility.

 

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