New American: Ron Paul's Influence GrowsSubmitted by SteveMT on Wed, 05/06/2009 - 20:05
by Charles Scaliger
Wednesday, 06 May 2009 18:53
Although he officially abandoned his presidential bid last summer, Texas Congressman Ron Paul’s star continues to brighten. Once shunned by the mainstream media and marginalized by the national leadership of the Republican Party, the modest pediatrician-turned-congressman has become something of an éminence grise these days, feted and fawned over by the likes of Fox News, which once dismissed him as a quack.
The reason? Dr. Paul’s unexpected fundraising prowess during his presidential campaign turned more than a few heads, and the bestseller status of his book The Revolution: A Manifesto attracted further attention. But besides the growth of his Campaign for Liberty and the swelling ranks of followers, recent events have proven Congressman Paul right time and time again. What once seemed to those with no understanding of so-called “Austrian economics” as dour paranoia has turned out to be spot on, as the Mother of All Speculative Bubbles has imploded.
We have a long way to go before the philosophy of liberty regains currency in Washington, D.C. But the fact that, for the first time in modern history, no less than the Federal Reserve has come under serious political fire and stands a fair chance of having its wings clipped, is nothing less than a political miracle. And for this Congressman Ron Paul — though he would modestly deny it — deserves no small credit.