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Elon Musk likes the idea of having former Texas Congressman Ron Paul lead an audit of the Federal Reserve.
Elon Musk took to social media to say that he supports the idea of auditing the Federal Reserve due to the need for all government agencies to be transparent and accountable to the people.
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Markets Insider reports: Musk’s comments were sparked by a user on X who pointed out that the Federal Reserve has never undergone a full audit or disclosed its monetary policy decisions.
While the Fed does release its meeting minutes and full transcripts after a certain period, Musk believes more transparency is needed. He has also endorsed former congressman Ron Paul to lead the audit due to his long history of criticizing the Federal Reserve and advocating for greater transparency.
Such a move, should happens, could end the private bankers’ control over the US monetary system and restore it to the American people.
The 89-year-old former congressman and three-time presidential candidate reacted to the proposal on his podcast, The Liberty Report in and episode entitled, ‘How Would Ron Paul Audit The Fed?’
Paul said his first reaction to the idea, was “Go slow, think about this, don’t get too excited about it because I know the ups and downs of all of this.” He added, “My efforts would be slow motion.”