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Ron Paul's legislative history is a lesson in principled failure. Among the bills he has co-sponsored: ending U.S. cooperation with the United Nations, a repeal of antitrust law "to restore the inherent benefits of the market economy," and stripping the government of the right to set a minimum wage. Just last week, he again introduced a bill "to repeal the Gun-Free School Zones Act of 1990," which would presumably make schools less safe but which would reinforce our right to bear arms. For Paul, ideology almost always trumps politics. None of these bills, I should note, have picked up much support.
Paul's little bill has become emblematic of a larger movement
That the Fed can manipulate the currency and "create legal tender out of thin air" is heresy.
But something has to give. Paul's Gang of 244 is fed up. They're ready to kill something. It will probably be Obama's regulatory plan. Then again, with Paul leading the charge you never know. It may be something central, something federal, something reserved. Never underestimate Ron Paul. Even if there's no reason not to.