Tom Luongo on What Happens With Powell if Ron Paul and Elon Audit the Fed

Tom Luongo joins David Gornoski to talk about Trump vs Jerome Powell, what an auditing of the Fed might reveal, how to properly critique the State, what digital currency might look like, the future of Bitcoin, unleashing DOGE in every city, making housing affordable again, and more.

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Timestamps
0:00 Introduction
0:39 Trump vs Powell
2:37 Getting Ron Paul and Elon Musk connected
7:00 Closing of the US capital account
10:00 Going back to Zero-bound
15:04 What an audit might reveal?
17:15 SOFR is a market driven rate
18:58 Problem with libertarians
21:57 Loosening the guardrails is a process
22:23 Will the audit weaken us?
24:45 Coming audits, prosecutions
29:25 Technologically ahead of the Fed
32:05 The New Right's objections
34:36 Legitimate use of government
36:42 Properly critiquing the State
38:51 Critiquing idealism
40:31 Digital currency
47:03 Bitcoin
50:42 Unleashing DOGE in every city
53:07 Replacing income tax with tariffs
55:12 The Bank of England
57:12 Affordable housing
1:05:22 Elon's motivations
1:06:49 Closing thoughts and plugs