At 89 years old, Ron Paul isn't exactly sitting on the sidelines. He's still one of the most influential voices on small government, fiscal responsibility, and economic policy. In November, he got a big public endorsement from Elon Musk, who suggested Paul join his then-proposed Department of Government Efficiency, a project aimed at slashing unnecessary federal spending.
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Paul on X responded enthusiastically to Musk's invitation, writing, "Elon Musk asked me to advise the new Dept. of Government Efficiency. I'd love to help bring sanity back!"
Elon Musk, Ron Paul, and a Potential Fed Shakeup?
The idea of Ron Paul stepping back into a governmental advisory role has definitely gotten the attention of fiscal conservatives and libertarians. Charlie Kirk, a prominent conservative commentator, even took it a step further on X by suggesting Paul for chairman of the Federal Reserve, writing earlier this month:
"Ron Paul would make a great next Chairman of the Federal Reserve. No other institution in American life has so eroded the purchasing power of working Americans as the Fed, and as a longtime critic and skeptic, Ron Paul would be a living and breathing forcing function to bring reform and accountability."
Musk seemed to like that suggestion, quickly responding to Sen. Mike Lee (R-UT)—who echoed Kirk's sentiment with "Ron Paul for Fed Chair!"—by saying, "That would be amazing" and adding his own clear endorsement: "Great idea!"
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Ron Paul's Urgent Warning on Retirement Funds
Paul's return to the political spotlight isn't just about federal spending, though. On the post responding to Musk's invite expressing his desire to restore "sanity", he added:
"However, I still think Americans need to shield their retirement funds ASAP from this much bigger threat."
In the letter titled "My New Partnership With Elon Musk (This Can Save Your 401k)," Paul shared a warning about the erosion of Americans' financial security, saying: "Yes, government waste is stealing your tax dollars. But inflation is stealing something far more precious—your life savings."
He cited government data showing a nearly 20% jump in the consumer price index since 2021, which effectively means that Americans have lost about 18% of their purchasing power in just a few short years.
To protect against these threats, Paul urged Americans to consider diversifying their retirement investments, specifically recommending assets like gold. Paul explained why he sees gold as essential, writing: "Gold has been the ultimate protection against both government mismanagement and currency devaluation for thousands of years."
What's Next for Ron Paul and Elon Musk?
For now, it's unclear exactly what role—if any—Paul will formally take in the newly formed DOGE or in any other government position. Musk's department remains in the early stages, and Paul himself hasn't officially committed yet.
Still, Paul's enthusiastic response combined with Musk's public endorsement has certainly stirred excitement—and speculation—about what the legendary libertarian might do next.
One thing's certain: Paul's potential involvement in government, especially with Musk's backing, has made waves. Whether advising on government efficiency, warning against inflation, or even rethinking the Fed, Paul's influence remains strong.
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