Elon: Audit the Fed
Last week Elon Musk suggested DOGE could audit the Mother of Slush Funds, the Federal Reserve.
He even suggested Ron Paul could lead the team.
DOGE has already found at least $55 billion in waste and fraud. The Fed could ramp that up ten-fold.
“Less Oversight than the CIA”
Economist Murray Rothbard, in his book The Case Against the Fed, famously noted the Federal Reserve has less oversight than the CIA.
Indeed, you can find videos across the internet of Ron Paul — then-Chair of the House Subcommittee on Monetary Policy — pressing Fed Chairs for information only to get smirks from Ben Bernanke or Alan Greenspan.
Raising the question of who exactly runs the Fed.
To which the answer is the Fed runs itself. On behalf of the banks that literally own it.
Why Audit the Fed: Monetary Policy
So what would an audit of the Fed uncover? There are 2 big areas: first, how the Fed conducts monetary policy — meaning how much money to print; and second, where to put interest rates, which can spin money for Wall Street.
Today, these decisions are secret — we can only guess how much is negotiated over late-night dinners that touch on future employment prospects.
Given Wall Street banks habitually pay former Fed chairs hundreds of thousands for speeches — Janet Yellen got over $7 million — we can guess these are fruitful dinners.
Why Audit th
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
