Sound money advocates, small government advocates, Libertarians, and those affiliated with the nebulous “Tea Party” will be pleased to learn Ron Paul Launches Presidential Campaign

Rep. Ron Paul, R-Texas, whose outspoken libertarian views and folksy style made him a cult hero during two previous presidential campaigns, will announce on Tuesday that he’s going to try a third time.

Sources close to Paul, who is in his 12th term in the House, said he will unveil an exploratory presidential committee, a key step in gearing up for a White House race. He will also unveil the campaign’s leadership team in Iowa, where the first votes of the presidential election will be cast in caucuses next year.

This would seem to be an ideal year for Paul: Since the last election, the Republican Party has moved much closer to his view on deficit reduction, which made him an early tea party favorite. All of the party’s top-tier presidential hopefuls are focusing on lowering debt, government spending, and tax rates, issues Paul has long advocated.

Welcome Discussion of Key Issues

Ron Paul will certainly not be a favorite to win the nomination.

However, by running, Dr. Paul will influence the debate on key issues of government spending, currency, sound money, ending the Fed, military spending, US military actions, border control, and welfare.

We are all better off from an open discussion of these issues.

Mike “Mish” Shedlock
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