Billionaire Elon Musk appeared to back calls to end the Fed by retweeting a social media post by Utah Senator Mike Lee, who argued that the bank needs greater oversight from the US executive branch.
Lee argued that the current lack of adequate executive oversight of the bank constitutes a perversion of the U.S. Constitution, and called for the Fed to be abolished entirely.
Musk retweeted Lee's argument with a 100% correct emoji — echoing widespread calls from sound money advocates to abolish the central bank founded in 1913.
Source: tradingview.com
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