What will Ron and Rand Paul do now?

On the David Asman show last night, Ron Paul was asked what plans he and son Rand
had for the new term. He said they had talked about entering legislation together
in the Senate and the House on the first day. Half joking, Ron Paul said his son
suggested legislation to “end the Fed.”

I think it was St. Paul or maybe Kurt Cobain who said, “There is no such thing as
a joke.” They might think of doing just that. Certainly it would not pass, but it
would set a benchmark allowing them to graph progress from now into the future.

It would also begin to explain Austrian economics to Congress, to everyone, and
it would also establish a beachhead for the reality-based Tea Party. As Ralph Nader
has been saying, within the Tea Party there are the committed and conscientious
and the horde that follows. Every movement is like this, and this is the beginning
of a new movement. Senate Republican leader Mitch McConnell (Ky.) correctly says,
“Turn the ship around,” but McConnell did not in any way turn this ship around.
Ron Paul began the turnaround.

And they are beginning to panic on Wall Street. The federal government has been
tied to Wall Street since Alexander Hamilton. This is perhaps why rumors abound
that Mike Bloomberg, the mayor of New York City, will start a new party.

But as Harry Wilson was defeated in New York’s state comptroller race and New York
has defaulted to a “first family” governorship — a spiraling descent in political
sensibility to the days of the Hapsburgs and the unHoly Roman Empire — New York
may have already reached the point of no return.

Visit Mr. Quigley’s website at http://quigleyblog.blogspot.com.