Rothbard's introduction is really quite amazing. Thirty years ago, Rothbard understood what a special man Ron Paul was. But most remarkable is that everything Rothbard wrote about Ron Paul accurately reflects the Ron Paul of today. Ron Paul is a man of principle, who doesn't change his views based on the latest polls.
President Obama may have run for President on a platform of ending the war in Afghanistan--and instead expanded the war. He may have run on a platform of limiting the influence of banksters in Washington---and put to former banksters as his top advisors. But it is very difficult seeing the principled Ron Paul flip-flopping on his promises in such a way. Here's Murray Rothbard, thirty years ago, on Ron Paul, though it could have been written this morning without changing a word:
Ron Paul is a most unusual politician--in many ways. In the first place, he really knows what he's talking about. He is not only for the gold standard. He knows why he is for it, and he is familiar with the most advanced and complex economic insights on the true nature of inflation, on how inflation works, and how inflationary credit expansions brings about booms and busts. And yet Ron has the remarkable ability to take these complex and vital insights and to present them in clear, lucid, hard-hitting terms to the non-economist reader. His economics is as sound as a bell.
But, even more important, Ron Paul is an unusual politician because he doesn't simply pay lip service to moral principles. He believes in moral principles in his mind and heart, and he fights for them passionately and effectively. High on his set of moral principles is the vital importance of individual freedom, of the individual's natural right to be free of assault and aggression, and of his right to keep the property that he has earned on the free market, and not have it stolen from him by confiscatory taxes and government regulations.
Ron Paul, in short, is that rare American, and still rarer politician, who deeply understands and battles for the principles of liberty that were fought for and established by the Founding Fathers of this country. He understands that sound economics, moral principles, and individual freedom all go together, like a seamless web. They cannot be separated, and they stand or fall together.
Ron Paul understands that all three parts of this system of liberty have been under grave attack for decades, and that the main problem is the federal government itself. The government has systematically eroded and invaded property rights, has piled on ever higher taxes, ever more onerous regulations, and, most sinister because most hidden, has eroded the value of the dollar and of all our savings through inflation. Ron Paul is an unusual politician because he is not content to shrug his shoulders, to "go with the flow," as Californians say, or to go along in order to get along. He is a man of honor as well as a man of principle, and so he has, ever since he got into politics, been doing something about it. He has fought, sometimes single-handedly, for our liberties and for our savings.
Inflation, as Ron Paul points out, is caused by the government's continual creation of new money, by what amounts to its system of legalized counterfeiting. But, if that is so, why not simply urge the government to stop the creation of money? Why not point out to our rulers the bad consequences of their actions? But Ron Paul realizes that this kind of education, or even pressure, is not going to work by itself. For we are dealing not simply with ignorant or misled people; we are dealing with a pernicious system.
Let us put it this way: give any man or group power, and it will tend to use that power. If the power is inherently abusive, then that power will be abused. Our present system gives to the federal government and its Federal Reserve the unlimited power to counterfeit. The problem is that if the Fed has the power to counterfeit, it will inevitably use that power.