Just 15 seconds into a question-and-answer session with reporters Wednesday morning, Ron Paul found a way to work in a mention of the Austrian School of economics.Read the rest here.
From there, he moved inexorably through the Paul oeuvre: the need for the gold standard, the problem with energy-efficient light bulbs, why Greece should declare bankruptcy, why Grover Cleveland was his favorite president, and how our economy is collapsing “just like the Soviet system.”
“I mean, how many people have read ‘Human Action’?” the Republican presidential candidate asked, referring to an economic treatise from the 1940s by one Ludwig von Mises. “How many people have studied Mises and Hayek and Rothbard and Sennholz? … A lot of people just flat out don’t understand what I’m talking about.”
He’s right about that. Rarely does a man go far in public life hawking the sort of oddities that the gadfly from Texas does. And yet, in a sense, Ron Paul is winning the 2012 Republican presidential primary.
Paul won’t be the president, or even the party nominee, but that was never his goal. He aimed to shift the debate toward his exotic economic theories, and by that standard he has prevailed.
The former obstetrician fathered the Tea Party. His son won election to the Senate. Republican leaders in Congress have joined Paul’s crusade against the Federal Reserve. And his rivals for the Republican presidential nomination are stealing his ideas.