Mike Lee Wants Ron Paul to Be Fed Chairman. Elon Musk Agrees

#11 WOW! How did we get here?

Gage Skidmore

In 2009, Ron Paul published his popular book “End the Fed.”

The Republican congressman and presidential candidate argued that far from being an institution that helps stabilize the economy, the Federal Reserve’s manipulation of our currency actually devalues our money and causes inflation.

No other high profile political figure is more associated with the phrase “end the Fed” than Dr. Paul.

Now, Sen. Mike Lee wants Ron Paul to be Fed chairman.

And Elon Musk thinks that is an amazing idea.

When Ron Paul promoted abolishing the Federal Reserve during his first presidential campaign in 2008, the idea seemed radical, even to many of his fellow Republicans.

But it’s 2025, Donald Trump is president, and he chose Musk to lead a Department of Government Efficiency (DOGE) to root out waste and corruption in the federal government.

And the people in charge seem very open libertarian icon Ron Paul manning the Federal Reserve.

How crazy is this? How cool? Are libertarians and conservatives in some sort of dream?

How did we get here?

Often the Lone Voice Warning About the Fed, Ron Paul’s Once Radical Idea is Now Mainstream

When “End the Fed” was published, it came on the heels of the mortgage crisis where so many Americans were hurt and looking for answers.

For many, Paul’s Federal Reserve book was part of that conversation.

As the Tea Party movement began to take shape on the right in 2009 and 2010, grassroots Republican activism began to look something more like a Ron Paul campaign rally, where conservatives could get comfortable with some of the libertarian populist ideas that were slowly emerging in the Republican party.

It was becoming more mainstream within the GOP to target the Federal Reserve.

A December 2010 New York Times profile on the congressman, titled “Rep. Ron Paul, G.O.P. Loner, Comes In From Cold” described how he was slowly revolutionizing the Republican Party.

After years of blocking him from a leadership position, Mr. Paul’s fellow Republicans have named him chairman of the House subcommittee on domestic monetary policy, which oversees the Federal Reserve as well as the currency and the valuation of the dollar.

Mr. Paul has strong views on those issues. He has written a book called “End the Fed”; he embraces Austrian economic thought, which holds that the government has no role in regulating the economy; and he advocates a return to the gold standard.

Many of the new Republicans in the next Congress campaigned on precisely the issues that Mr. Paul has been talking about for 40 years: forbidding Congress from any action not explicitly authorized in the Constitution, eliminating entire federal departments as unconstitutional and checking the power of the Fed.

It’s been 15 years since the above story was published, detailing the progress Paul and his ideas were making.

2025:

By the time Paul ran for president in 2012, he stood out against a sea of candidates who were essentially Bush-Cheney neoconservatives who were trying to make sense of their changing party and its new demand for fiscal responsibility from the grassroots.

But Mitt Romney was elected in 2012, about as establishment GOP as it gets, and he was defeated by Democratic incumbent, Barack Obama.

In the 2016 presidential election, there were two candidates who dared challenge the Washington establishment quo of both parties. Sen. Rand Paul and Donald Trump.

Paul’s campaign ended early, and of course, Trump would go on to win the White House.

Trump’s first term was anything but fiscally conservative. But he was a disrupter, was elected to stir up permanent Washington, and he did.

Now he’s been elected again, vowing to cut and slash government with Musk leading the way.

Auditing or even ending the Fed doesn’t sound as strange to radical to many Republicans’ ears as it might have 15 years prior.

He Never Changed

Here we are with a potential future for - or demise of - the Federal Reserve that could actually include its greatest arch enemy.

Ron Paul hasn’t changed his tune one iota. It’s a big part of why he’s got the massive amounts of respect that he does.

He never changes.

From many years ago:

From today! Like, literally today, February 10:

Nor is this the first time Mike Lee and other Republicans have called to end the Fed.

From November:

Ron and Rand Paul’s 2023 family Christmas message!

Whether the Federal Reserve is reformed, audited or abolished, we don’t know yet.

We do know that the chances of this happening are greater than they have ever been in modern American history due to this new administration, his team and the current political environment.

With Ron Paul front and center.

It might not just be a meme anymore.

It MIGHT REALLY be happening!